Description
Located right off of Main Street in Lamoni lies a tremendous investment opportunity. This 6-plex has so much to offer as it is situated ½ mile from Graceland University & less than ½ mile to downtown Lamoni, IA. It is also in very close proximity to all grocery stores & the public schools. Location is no joke with this property!
This 6-plex also offers an excellent Return on Investment at full list price. It is running nearly a 10.5% Net ROI and is currently 100% leased out.
The 6-plex is comprised of four 2 bedroom/1bathroom & two 3 bedroom/1 bathroom units. There is also a nice basement area that has storage units for all tenants and the community laundry area.
Features Include:
- Two 3 bedroom/1bathroom units
- Four 2 bedroom/1bathroom units
- 10.5% Net ROI
- Great Location in College Town
- Currently 100% Leased Out
PROPERTY FEATURES:
Commercial Property
Investment & Income
Address: 413 E Main St
City: Lamoni
State/County: Iowa
Zip: 50140
Country: United States
Open In Google Maps
Property Id : 136018
Price: $ 399,900
Property Size: 3,648.00 ft2
County: Decatur County
Lot Size (AC): 0.04920
Year Built: 1964
Listing ID: 24100-74620
Office ID: 4405
Listing Address: 413 E. Main Street
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