BEDS10
BATHS6 full
MLS#830407
STATUSActive
PROPERTY TYPEMulti Unit - Multiple
Property 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.
Property Features
Property Type: Multi Unit - Multiple
Cooling: Window Unit
Fuel Type: Electric
Garage: None
Heating: Baseboard
Lot Size: 0.17 Acres
Taxes: $5,650
Year Built: 1955
Units
Unit Type 1:
Bedrooms: 1
Bathroom Full: 1
Rent: $600
Square Footage: 560
Unit Type 2:
Bedrooms: 1
Bathroom Full: 1
Rent: $600
Square Footage: 560
Unit Type 3:
Bedrooms: 2
Bathroom Full: 1
Rent: $800
Square Footage: 800
Unit Type 4:
Bedrooms: 2
Bathroom Full: 1
Rent: $800
Square Footage: 800
Unit Type 5:
Bedrooms: 2
Bathroom Full: 1
Rent: $800
Square Footage: 800
Feature Descriptions
Days on Site: 194
Driveway: Concrete
Lot: Level Lot
Parcel: 1403186015
Rental: Yes
Rental Income: 2400
Sewer: City
SQFT Below Finished: 1121
SQFT Main: 1947
Water: City
Zoning: Res
Listed By / Shown By
Listed By
Agency Name: Real Broker, LLC
Agency Phone: 515-305-2577
Shown By
Agency Title: United Real Estate Solutions
Agency Phone: 712-226-6000
Estimate Your Payment
Estimated Payment
$ 2,306.99 per month $1,748.94 Principal & Interest $470.83 Property Tax $87.21 Homeowner's Insurance
416 Michigan | MLS# 830407
This multi-family property located at 416 Michigan, Storm Lake, IA 50588 is currently listed for sale with an asking price of $299,000. Search Storm Lake real estate on www.unitedrealestatesolutions.com today.