Overview

  • Updated On:
  • October 27, 2024
  • 2,220.00 ft2
  • acre symbol
  • 0.28 acres

Great Investment Opportunity in Lamoni Iowa

$ 270,000
300 S Linden St,
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Description

Calling all investors! Come take a look at this 5-plex located in the college town of Lamoni, IA. This 5-plex is 100% occupied and offers you the chance to immediately step into a money-making endeavor. This property produces $2,505 of income each month.

The seller has completed many upgrades over the past several years. Upgrades on the exterior include a newer roof, fresh exterior paint, and a new deck on apartment 1. Upgrades on the interior include new Luxury vinyl plank flooring in all units, fresh paint, new trim and baseboard, new light fixtures, new interior doors, and updated the cabinetry. These units are in EXCELLENT shape and have been very well taken care of!

Features Include:

3 units of 2-bedroom, 1-bathroom (each 2-br comes with a garage)
1 unit of 1-bedroom, 1-bathroom
1 unit is a studio
$2,505/month of income
100% occupied
Many exterior upgrades
New back deck on unit 1
Fresh exterior paint
Newer roof
Many interior upgrades
LVP flooring
New doors, trim, baseboard
Fresh interior paint
New fixtures
Updated cabinetry
Appliances stay
Good parking

PROPERTY FEATURES:

Lamoni IA 5-Plex For Sale
5-Plex For Sale Lamoni Iowa
Great Investment Property
Located in College Town
100% Occupied
Great Income
Many Upgrades
Well Maintained Property
Commercial Property
Home in Town
Investment & Income

Address: 300 S Linden St
City:
State/County:
Zip: 50140
Country: United States
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Property Id : 416528
Price: $ 270,000
Property Size: 2,220.00 ft2
County: Decatur County
Lot Size (AC): 0.28000
Year Built: 1978
Listing ID: 24100-77890
Office ID: 4405
Listing Address: 300 S. Linden Street

Tony Nelson

Nelson Real Estate, LLC (Main) - Nelson Real Estate & Auction Company
Call Office(660) 425-2288
Call Mobile(660) 373-1233

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Tony Nelson