Header Image

50588, IA Storm Lake, 416 Michigan

$299,000

Price Decreased
  • MLS# 830407
  • Bedrooms N/A
  • Bathrooms 1
  • Total Sq.ft 5,015
  • Property Type Multi-Unit
  • Year Built 1955

Property Description

6-Unit Property. Exterior Parking. Great Investment Opportunity. This 6-unit complex is a great investment. 2 units are one bedroom, one bathroom, while 4 units are two bedrooms, one bathroom . All units have a living space and kitchen/dining. Market Rent Roll: $4,400. Actual Rent Roll:$3,600 (refer to T12 to see strong history of property). There is a separate shared laundry space that contains a coin-operated washer and dryer. This is located in the basement. This yields approximately $400yr. Tenant pays for: Electric. Owner pays for: Electric for common space $130/mo, Water/Sewer $650, Gas $56/mo, Garbage: $93/month. Taxes: $5,650/year. Lawn/Snow Removal: $140/month. Security deposits will be included upon closing. There is ample exterior parking available for tenants.

Legal: 10-32 STORM LAKE CORP HAYES 93'
Active

Property Information

  • 830407
  • $299,000
  • 416 Michigan
  • Surrounding Areas/Other Areas
  • Storm Lake
  • Buena Vista
  • IA
  • Sale
  • Multi-Unit
  • 5015
  • None
  • 202
  • 1955
  • 1
  • 50588
  • 5650

LISTED BY

Real Broker, LLC, Adam Doughan (712.441.6097)

Property Location

SIMILAR LISTING

1821 6th St W #8, Storm Lake, IA 50588
27
Status: Active

Introducing the West Winds Town Homes, brand new-energy efficient residences that are ideally located close to the lake, Frank Starr Park, and the elementary & middle schools. This newer construction townhome features soaring vaulted ceilings,...

  • 832369MLS #
  • 2BATHS
  • 2BEDS
  • 1250SQFT
Listed by : COMPASS REAL ESTATE OF NW IA, STEVEN BRASHEARS (712.299.4684)
1012 4TH ST E, Storm Lake, IA 50588
20
Status: Active

Charming 3 bedroom, 1 bath home with 1,144 sq ft in the main floor plus an extra finished 500 sq ft in the basement. Conveniently located within walking distance to Tyson Foods. This home features new tile flooring in the living room, dining area,...

  • 832193MLS #
  • 1BATHS
  • 3BEDS
  • 1644SQFT
Listed by : COMPASS REAL ESTATE OF NW IA, MELISSA PEREZ MARTINEZ (712.261.2173) & COMPASS REAL ESTATE OF NW IA, BOB BAUER (941.628.9143)
227 Lake Ave, Storm Lake, IA 50588
Price Adjustment
49
Status: Active

Located on historic Lake Avenue, this gorgeous 5-bedroom, 3-bathroom home offers charm, space, and an unbeatable location. Enjoy the convenience of being within walking distance to downtown, the lake, and nearby parks while still enjoying the...

  • 832134MLS #
  • 3BATHS
  • 5BEDS
  • 2808SQFT
Listed by : COMPASS REAL ESTATE OF NW IA, STEVEN BRASHEARS (712.299.4684)
1821 6TH ST W #5, Storm Lake, IA 50588
Price Decreased
16
Status: Active

Westwinds Townhomes are close to the lake, parks, schools, clinics, & Hospital! This energy efficient Townhome features, heat pump, vaulted ceiling, open area from kitchen to living room. This 2 bed 1.75 bath includes stainless steel kitchen...

  • 832069MLS #
  • 2BATHS
  • 2BEDS
  • 1250SQFT
Listed by : REAL ESTATE SPECIALISTS OF STORM LAKE, INC, JOSEPH AUBE (712.299.1545)
1312 6th St W, Storm Lake, IA 50588
Price Decreased
22
Status: Active

Welcome to this charming 4-bedroom, 2-bath home ideally located near local schools and hospitals, offering both convenience and comfort. Each spacious bedroom features its own walk-in closet, providing ample storage throughout. Beautiful finished...

  • 831820MLS #
  • 2BATHS
  • 4BEDS
  • 2661SQFT
Listed by : SIGNATURE REAL ESTATE GROUP OF IOWA, HOLLY DIISCHER (712.730.0341)
815 Milwaukee W, Storm Lake, IA 50588
Price Decreased
36
Status: Active

Looking for professional office space with abundant storage AND a killer location with a daily traffic count of nearly 6,000 vehicles per day? Look no further than this building on West Milwaukee. Medical Clinic, Hair Salon, Insurance Agency,...

  • 831823MLS #
  • N/ABATHS
  • N/ABEDS
  • 3660SQFT
Listed by : ROB SMITH HOMES & LAND, ROBERT SMITH (712.291.0030) & ROB SMITH HOMES & LAND, MICHELLE SMITH (712.291.0027)

Request Info For MLS #830407

Rachel Carlson - REALTOR/OWNER, Pricing Strategy Advisor (PSA)

Rachel Carlson

REALTOR/OWNER, Pricing Strategy Advisor (PSA)

Mortgage Calculator

This calculator will compute the monthly payment on a mortgage based upon figures you supply.

Subscribe To Our Newsletter

The newsletter is sent periodically and will update you on the latest real estate news and offers.