416 Michigan, Storm Lake,
IA 50588

MLS # 830407

$299,000

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

General 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'
Status: 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

MORTGAGE CALCULATOR


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

Rachel Carlson

REALTOR/OWNER, Pricing Strategy Advisor (PSA)

Cassie Chilton - Office Manager & Compliance Specialist

Cassie Chilton

Office Manager & Compliance Specialist

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