416 Michigan, Storm Lake, IA 50588
416 Michigan, Storm Lake, IA 50588
416 Michigan, Storm Lake, IA 50588
416 Michigan, Storm Lake, IA 50588
416 Michigan, Storm Lake, IA 50588
416 Michigan, Storm Lake, IA 50588
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Amber Munoz

Amber Munoz

+1(712) 251-8664
$ 260,000
Est. payment | /mo

10 Beds

6 Baths

5,015 SqFt

Save
$ 260,000
Est. payment | /mo
Save

10 Beds

6 Baths

5,015 SqFt

Key Details

Property Type Multi-Family

Sub Type Multi-Unit

Listing Status Pending

Purchase Type For Sale

Square Footage 5,015 sqft

Price per Sqft $51

MLS Listing ID 833706

Bedrooms 10

Full Baths 6

Year Built 1955

Annual Tax Amount $5,650

Tax Year 2024

Lot Size 7,405 Sqft

Acres 0.17

Property Sub-Type Multi-Unit

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. MarketRent 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.

Location

State IA

County Buena Vista

Area Surrounding Areas/Other Areas

Zoning Res

Multi-Unit Info

Total Units 6

Unit 1 Information SqFt: 560; Bedroom: 1; Bathroom: 1; FullBath: 1

Unit 2 Information SqFt: 560; Bedroom: 1; Bathroom: 1; FullBath: 1

Unit 3 Information SqFt: 800; Bedroom: 2; Bathroom: 1; FullBath: 1

Unit 4 Information SqFt: 800; Bedroom: 2; Bathroom: 1; FullBath: 1

Interior

Heating Baseboard

Cooling Window Unit

Building

Sewer City

Water City

Listed by Real Broker, LLC

Schools and Properties Nearby

Learn More About LPT Realty

+1(712) 251-8664
www.ambersellssiouxland.com
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416 Michigan