USAIAStorm Lake416 Michigan St
416 Michigan St, Home with 0 bedrooms, 0 bathrooms and null parking in Storm Lake IA | Image 1
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$329,000

416 Michigan St, Storm Lake, IA

Real Estate

For Sale

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  • Key Facts
  • Description
  • Map

Key Facts

Type Multi Family
Levels Residential Income
Size -
Garage No
Taxes $5,650
Days Active 5
Lot Size 
Approx. Age 1955
MLS® Number 830407

Property Address: 

Average square foot calculated using Size range provided by listing agent.

Description

6-Unit Property. Exterior Parking. Great Investment Opportunity. This 6-unit complex is a great investment. 2 units are one bedroom, one bathroom, while 4 units are two bedrooms, one bathroom . All units have a living space and kitchen/dining. Market Rent Roll: $4, 400. Actual Rent Roll:$2, 400 (just recently had turnover with three vacant units currently, refer to T12 to see strong history of property). There is a separate shared laundry space that contains a coin-operated washer and dryer. This is located in the basement. This yields approximately $610/yr. Tenant pays for: Electric. Owner pays for: Electric for common space $86/mo, Water/Sewer $711, Gas $96/mo, Garbage: $93/month. Taxes: $5, 650/year. Lawn/Snow Removal: $94/month. Security deposits will be included upon closing. There is ample exterior parking available for tenants.Show Description
MLS® Number830407
Laundry Level
Central VacNo
FireplaceNo
Acreage0.17
Exterior
GarageNo
Approx. Age1955
Basement
DrivewayNone
Garage Spaces
HeatElectric, Baseboard
A/CWindow Unit
Heating Fuel

Extras

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