presents | Price $329,000 | MLS # 830407 | 416 Michigan, Storm Lake, IA 50588

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:$2,400 (just recently had turnover with three vacant units currently, 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 $610/yr. Tenant pays for: Electric. Owner pays for: Electric for common space $86/mo, Water/Sewer $711, Gas $96/mo, Garbage: $93/month. Taxes: $5,650/year. Lawn/Snow Removal: $94/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

MLS Number

830407

List Price

$329,000

Address

416 Michigan

Area

Surrounding Areas/Other Areas

City

Storm Lake

County

Buena Vista

State

LISTED BY

Real Broker, LLC, Adam Doughan (712.441.6097)

PROPERTY LOCATION

MORTGAGE CALCULATOR

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This Multi-Unit property located at 416 Michigan (MLS # 830407) falls under the category of Multi-Unit Homes for Sale in Storm Lake, IA. Listed on , this property is priced at $329,000. Featuring N/A bedrooms and 1 bathrooms, this property at 416 Michigan offers 5015 sqft of living space and was constructed in 1955. Whether you are interested in exploring new listings in Storm Lake or specifically looking at properties on 416 Michigan, you can access all market statistics and community information you need.

For more information on 416 Michigan and other properties in the surrounding Surrounding Areas/Other Areas, feel free to contact RE/MAX Lakes Realty, the leading real estate agency in the Iowa Great Lakes region and the host of . Our experienced team is ready to assist you with your real estate search in and around Storm Lake, IA.