The Cardinal View apartment building offers a lucrative 8-unit investment opportunity, strategically located within walking distance of Iowa State University’s Hilton Coliseum, Jack Trice Stadium, and the upcoming CyTown development. This prime location ensures a consistent rental demand from students, sports fans, and professionals alike. The building comprises fully rented 2-bedroom, 1-bath units, providing a stable income stream for investors. Recent significant improvements enhance the building’s value and long-term appeal. With a strong rental history and proximity to key landmarks, Cardinal View presents a compelling opportunity for investors seeking steady cash flow and long-term appreciation.
MLS# | 704069 |
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Listing Type | For Sale |
Sub-Type | Resale |
Status | Active |
Year | 1975 |
Days On Site | 44 |
Listing Provided By | LPT Realty, LLC | James Hibbs |
Bed(s) | 16 |
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Bath(s) | 8 Total |
SQ Feet | 7,436 |
Story(s) | 2 |
Zoning | RH |
Acreage | 0.33 |
State | IA |
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County | Story |
City | Ames |
Zip Code | 50010 |
Area | Ames |
Listing VS Median (in 50010) | |
Price: $1,190,000 low | high Med: $374,950 SqFt: 7,436 low | high Med: 1,577 $ / SqFt: $160 low | high Med: $243 On Site: 44 low | high Med: 59.000000 |