FOR SALE 6-PLEX WITH GREAT RETURN

413 E. Main Street, Lamoni, Iowa, 50140

Photos

* PENDING

$399,900

MLS: 24100-74620

0 Acres

3,648 SqFt

beds

baths

Why You'll Love It

Located right off of Main Street in Lamoni lies a tremendous investment opportunity. This 6-plex has so much to offer as it is situated ½ mile from Graceland University & less than ½ mile to downtown Lamoni, IA. It is also in very close proximity to all grocery stores & the public schools. Location is no joke with this property!

This 6-plex also offers an excellent Return on Investment at full list price. It is running nearly a 10.5% Net ROI and is currently 100% leased out.

The 6-plex is comprised of four 2 bedroom/1bathroom & two 3 bedroom/1 bathroom units. There is also a nice basement area that has storage units for all tenants and the community laundry area. 

Features Include:

  • Two 3 bedroom/1bathroom units
  • Four 2 bedroom/1bathroom units
  • 10.5% Net ROI
  • Great Location in College Town
  • Currently 100% Leased Out  

 

Where You'll Find It

  • Street Address: 413 E. Main Street
  • City: Lamoni
  • State: Iowa
  • County: Decatur

Video Tour

Tony Nelson

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