416 Michigan, Storm Lake, IA 50588
Local realty services provided by:CENTURY 21 ProLink
416 Michigan,Storm Lake, IA 50588
$329,000
- - Beds
- - Baths
- 5,015 sq. ft.
- Multi-family
- Active
Listed by: adam doughan
Office: real broker, llc.
MLS#:830407
Source:IA_GSCBOR
Price summary
- Price:$329,000
- Price per sq. ft.:$65.6
About this home
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.
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Home facts
- Year built:1955
- Listing ID #:830407
- Added:81 day(s) ago
- Updated:December 10, 2025 at 04:06 PM
Rooms and interior
- Living area:5,015 sq. ft.
Heating and cooling
- Cooling:Window Unit
- Heating:Baseboard
Structure and exterior
- Year built:1955
- Building area:5,015 sq. ft.
- Lot area:0.17 Acres
Utilities
- Water:City
- Sewer:City
Finances and disclosures
- Price:$329,000
- Price per sq. ft.:$65.6
- Tax amount:$5,650
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