Great Investment Opportunity in Lamoni Iowa

300 S. Linden Street, Lamoni, Iowa, 50140

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* PENDING

$270,000

MLS: 24100-77890

0.28 Acres

2,220 SqFt

What You Should Know

  • Lamoni IA 5-Plex For Sale

  • 5-Plex For Sale Lamoni Iowa

  • Great Investment Property

  • Located in College Town

  • 100% Occupied

  • Great Income

  • Many Upgrades

  • Well Maintained Property

Why You'll Love It

Calling all investors! Come take a look at this 5-plex located in the college town of Lamoni, IA. This 5-plex is 100% occupied and offers you the chance to immediately step into a money-making endeavor. This property produces $2,505 of income each month.

The seller has completed many upgrades over the past several years. Upgrades on the exterior include a newer roof, fresh exterior paint, and a new deck on apartment 1. Upgrades on the interior include new Luxury vinyl plank flooring in all units, fresh paint, new trim and baseboard, new light fixtures, new interior doors, and updated the cabinetry. These units are in EXCELLENT shape and have been very well taken care of! 

Features Include:

  • 3 units of 2-bedroom, 1-bathroom (each 2-br comes with a garage)
  • 1 unit of 1-bedroom, 1-bathroom
  • 1 unit is a studio
  • $2,505/month of income
  • 100% occupied
  • Many exterior upgrades
  • New back deck on unit 1
  • Fresh exterior paint
  • Newer roof
  • Many interior upgrades
  • LVP flooring
  • New doors, trim, baseboard
  • Fresh interior paint
  • New fixtures
  • Updated cabinetry
  • Appliances stay
  • Good parking

Documents (1)

Where You'll Find It

  • Street Address: 300 S. Linden Street
  • City: Lamoni
  • State: Iowa
  • County: Decatur

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Tony Nelson

Broker/Owner, LandPro Specialist - MO, IA & KS