This 6-plex has been improved since being bought in 2023 and still has even more room for an increase in income. The 6 units are made up of four, two bedroom 1 bath units, and two, one bed one bath units. The owner pays for water, sewer, garbage, and common electric. Tenant pays for their electric. There is coin washer/dryer. Rents have been stabilized but there is still room for grown. It is fully occupied.
For sale by owner
$350,000
416 Michigan St, Storm Lake, IA 50588
10beds
--sqft
Est.:
MultiFamily
Built in 1947
-- sqft lot
$310,000 Zestimate®
$--/sqft
$-- HOA
Overview
What the owner loves about this home
This 6-plex has been improved since being bought in 2023 and still has even more room for an increase in income. The 6 units are made up of four, two bedroom 1 bath units, and two, one bed one bath units. The owner pays for water, sewer, garbage, and common electric. Tenant pays for their electric. Rents have been stabilized but there is still room for grown. It is fully occupied.
- 100 days
- on Zillow |
- 441 |
- 13 |
Listed by:
(605) 971-2468
Travel times
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 10
- Bathrooms: 6
- Full bathrooms: 6
Appliances
- Included: Freezer, Range / Oven, Refrigerator
Features
- Flooring: Hardwood
Property
Parking
- Parking features: Off-street
Construction
Type & style
- Home type: MultiFamily
Condition
- New construction: No
- Year built: 1947
Community & HOA
Location
- Region: Storm Lake
Financial & listing details
- Date on market: 1/16/2025
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