505 Lake Ave., Storm Lake, IA 50588

$295,000

Property Description

This nicely remodeled commercial building on Lake Ave. was substantially remodeled in 2017/2018 and has an excellent rental history. The main floor includes a reception area, 6 offices, a conference room, a storage room, kitchen area, and restroom. The upstairs has 3 apartments including a 1 bedroom at $650 per month, a 2 bedroom at $750 per month, and a 2 bedroom at $750 per month. All tenants pay utilities except garbage dumpster. Each unit has its own furnace, A/C, and water heater. Kitchen appliances and stack washer/dryer included with each apartment. Seller would consider leasing this property.

Mortgage Calculator

Amount of Loan
Annual Interest Rate
%
Term of Loan
Years

Does not include any taxes or fees.
Please consult a financial professional.
Calculator source: Real Geeks

Listing courtesy of Real Estate Specialists.