MLS#6343303
STATUS
PROPERTY TYPECommercial - Business
Property Description
Lamoni Multifamily Investment Opportunity?Potential for 17 Apartments Explore the investment potential of this apartment building in Lamoni, Iowa! The property features eight finished apartments?eight one-bedroom units and one three-bedroom unit?with space for eight additional apartments, offering the potential for 17 total units. Major improvements include a brand-new roof, a brand-new sprinkler system, and updated electrical work in finished units and rough-in electrical work in unfinished units. These upgrades provide a valuable foundation for an investor looking to complete the remaining units and expand the property's rental potential. Located in a college town close to Interstate 35, this property combines convenient access with an opportunity to build a multifamily investment. Whether you're growing an existing portfolio or taking on your next renovation project, this Lamoni property offers room to add value and pursue long-term income potential.
Property Features
Property Type: Commercial - Business
Fuel Type: Electric
Garage: 2
Heating: Forced Air, Hot Water
Lot Size: 86,822
Taxes: $6,951
Year Built: 1971
Feature Descriptions
Accessibility Features: No Stairs External, Hallways 42+, Roll-In Shower
Current Use: Residential
Days on Site: 33
Exterior: Brick
Lot Dimensions: 86,822
Open Parking Spaces: 20
Parcel #: 1406300013
Parking: Covered, Concrete
Possible Use: Motel/Hotel
Sewer: City Sewer/Connected
SQFT Building Finished: 24560
Units: 17
Utilities: Electric Common, Heating Separate, Hot Water Common
Water: Public
Listed By / Shown
Listed By
Agency Name: Elite Land and Auction LLC
Agency Phone: 573-494-5263
Shown By
Agency Title: Trophy Properties and Auction
Agency Phone: (855) 573-5263
2010 E Main | MLS# 6343303
This commercial property located at 2010 E Main, Lamoni, IA 50140 is currently listed for sale with an asking price of $399,000. Search Lamoni real estate on www.trophypa.com today.