For Sale
$270,000

300 Linden St Lamoni, IA 50140

Income-producing multifamily property.

Overview

Added:
Dec 11, 2024
Days on market:
136
This exceptional investment opportunity presents a 2,220 square foot apartment building situated on a 0.28-acre lot at 300 S. Linden St, Lamoni, IA 50140. Currently boasting 100% occupancy, this property generates a substantial monthly income of $2,505. The building comprises five units: three two-bedroom, one-bathroom apartments (each with a garage), one one-bedroom, one-bathroom apartment, and a studio apartment. Recent upgrades significantly enhance the property's value and appeal. Exterior improvements include a newer roof, fresh exterior paint, and a newly constructed deck for one of the units. Interior renovations are equally impressive, featuring new luxury vinyl plank flooring throughout, fresh paint, updated trim and baseboards, new light fixtures, new interior doors, and modernized cabinetry. All appliances remain with the property. Excellent parking is available. This turnkey investment is ready for immediate income generation. The asking price is $270,000. This is a rare opportunity to acquire a well-maintained, high-income producing multifamily property in a desirable location. Don't miss out!

Property Details for 300 Linden St

Property type
Apartment buildings
Square Feet
2,220 SF
Lot Size (sq. ft)
12,197 SF
Units
1

Location Insight

City
Lamoni
County
Decatur
State
Iowa
Latitude
40.6214518
Longitude
-93.9336183

FAQs

What type of property is this?
Apartment building - Income-producing multifamily property.
Where is the apartment building located?
The property is located at 300 Linden St Lamoni, IA.
What is the asking price?
The asking price for this property is $270,000.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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300 Linden St
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