416 Michigan, Storm Lake, IA 50588

$260,000

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List Price
$260,000
Days on Market
25
Status
ACTIVE
MLS#
833706
Lot Size (Acres)
0.17
Year Built
1955

Property 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. MarketRent 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.

Additional Information

Area
Surrounding Areas/Other Areas
Subdivision
IA
Taxes
$5,650
HOA Fee
$1

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Calculator source: Real Geeks

Listing courtesy of Real Broker, LLC.