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50588, IA Storm Lake, 416 Michigan

$285,000

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. 100% Occupied. 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:$4,400 (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 $680, 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
  • $285,000
  • 416 Michigan
  • Surrounding Areas/Other Areas
  • Storm Lake
  • Buena Vista
  • IA
  • Sale
  • Multi-Unit
  • 5015
  • None
  • 247
  • 1955
  • 1
  • 50588
  • 5650

LISTED BY

Real Broker, LLC, Adam Doughan (712.441.6097)

Property Location

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Request Info For MLS #830407

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

Rachel Carlson

REALTOR/OWNER, Pricing Strategy Advisor (PSA)

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