416 Michigan, Storm Lake,
IA 50588

MLS # 830407

$285,000

  • N/A
  • 1
  • 5015
  • Active
Price Decreased

General 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'
Status: Active

Property Information

830407

$285,000

416 Michigan

Surrounding Areas/Other Areas

Storm Lake

Buena Vista

IA

Sale

Multi-Unit

5015

None

250

1955

1

50588

5650

LISTED BY

Real Broker, LLC, Adam Doughan (712.441.6097)

PROPERTY LOCATION

MORTGAGE CALCULATOR


Similar listings

$242,000

Status: Active
120th, Storm Lake, IA 50588

 823769

 N/A

 N/A

  N/A


Listed by : ROB SMITH HOMES & LAND, ROBERT SMITH (712.291.0030) & ROB SMITH HOMES & LAND, MICHELLE SMITH (712.291.0027)
Price Decreased

$345,000

Status: Active
201 SUNRISE PARK RD #101, Storm Lake, IA 50588

 827902

 3

 2

  1,299


Listed by : COMPASS REAL ESTATE OF NW IA, STEVEN BRASHEARS (712.299.4684)

$279,000

Status: Active
201 Sunrise Park Rd #308, Storm Lake, IA 50588

 829011

 3

 2

  1,177


Listed by : SIGNATURE REAL ESTATE GROUP OF IOWA, HOLLY DIISCHER (712.730.0341)
Price Decreased

$234,000

Status: Active
201 Sunrise Park Road #104, Storm Lake, IA 50588

 829348

 2

 1

  864


Listed by : COMPASS REAL ESTATE OF NW IA, STEVEN BRASHEARS (712.299.4684)

$279,000

Status: Active
103 Hudson, Storm Lake, IA 50588

 830055

 5

 2

  2,220


Listed by : ROB SMITH HOMES & LAND, ROBERT SMITH (712.291.0030) & ROB SMITH HOMES & LAND, MICHELLE SMITH (712.291.0027)

$265,000

Status: Active
901 Lakeshore Dr E #6, Storm Lake, IA 50588

 831757

 2

 2

  1,481


Listed by : ROB SMITH HOMES & LAND, ROBERT SMITH (712.291.0030) & ROB SMITH HOMES & LAND, MICHELLE SMITH (712.291.0027)
Price Decreased
Rachel Carlson - REALTOR/OWNER, Pricing Strategy Advisor (PSA)

Rachel Carlson

REALTOR/OWNER, Pricing Strategy Advisor (PSA)

Ask About this Property #830407

Share


NEWSLETTER