219 Franklin Ave, Ames, IA 50014

A rare investment opportunity to own a 4 bedroom, 3 bathroom home in Ames, Iowa in a prime location for rental property ownership, just a short walk from Iowa State University. With spacious bedrooms, hardwood floors on the main level, and stainless steel appliances, the home is both functional and low-maintenance. Recent updates include new siding, roof, and vinyl windows, along with a 2021 HVAC system, providing peace of mind for years to come. Outside, enjoy a large yard and a detached one-stall garage. The property is currently leased through July 2026, with a rent increase already signed for the upcoming lease term, offering consistent cash flow from day one. A newly renewed Letter of Compliance is already in the works. Properties of this size and condition near campus are rare—this is a great long-term hold in an area with strong rental demand!