413 East Main Street, Lamoni, IA 50140

33 Photos
 
$390,000 List Price
In Contract on 4/05/2024
 
Listing ID 11263778
Property Type Multi-Unit (5+)
County Decatur
School Lamoni Comm School District
Total Tax $3,350
FEMA Flood Map fema.gov/portal
Year Built 1964
   
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Commercial Investment Opportunity in Lamoni, IA

Listing # 7681 It's not often an opportunity to own a 6-unit apartment complex comes along! This 6-plex has impressive income and has had a good rental history. With a whopping $50,520 of income per year, this property offers an excellent investment opportunity! It consists of four 2-bedroom, 1-bathroom units, and two 3-bedroom, 1-bathroom units. Additionally, there are storage areas in the basement that are currently rented out to tenants and a community laundry area. Features of the Property Include: - 11 parking spaces on asphalt lot - 6 total units - Four 2-bedroom, 1-bathroom units - Two 3-bedroom, 1-bathroom units - $50,520 of income per year - Great location - 4 newer AC units and furnaces - Individually metered units
Property Details
  • 3648 SF
  • 0.49 Acres
  • Built in 1964
  • Lower Level: Unfinished
Interior Features
  • Central A/C
Exterior Features
  • Frame Construction
Commercial Info
  • Northbrook Apartments (Business Name)
  • 11 Parking Spaces
Taxes and Fees
  • $3,350 Total Tax
Listed By
United Country Nelson Real Estate
Office: 660-425-2288
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