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416 Michigan, Storm Lake, IA 50588

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For Sale

$329,000

5,015 sqft

Estimated Payment

$      /mo. †

APR for 30 years

Change Loan Terms

  • Multi-Family (2-4 Units)
    Property type

  • Newly Listed
    Time on Century 21

  • $65.60
    Price per square foot

  • Over 50 Years Old
    Age

Explore this Property

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...
MLS# 830407

Courtesy Of Real Broker, LLC

(515) 305-2577

Property Features

  • Age
    Over 50 Years Old
  • Architecture Style
    Other
  • Heating System
    Baseboard
  • Lot Size
    0.17 Acres

Map and Directions

Directions to 416 Michigan, Storm Lake, IA 50588

Home seller CENTURY 21 The Professional Group

Get to know the neighborhood. A local affiliated CENTURY 21 office will help you set up tours, give advice, and negotiate with sellers.

CENTURY 21 The Professional Group

(712) 732-2143
Learn More About Us

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Monthly Payment Breakdown

  • Principle and Interest
    $0
  • Property Taxes
    $0
  • Hazard Insurance
    $0
  • Private Mortgage Insurance
    $0
  • HOA Dues
    $0
  • Total Monthly Payment:
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Calculators provided for estimating purposes only. Consult with your lender to determine precise payment requirements.

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Copyright © 2025 Northwest Iowa Regional Board of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified. Information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

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This information is provided for general informational purposes only and should not be relied on in making any home-buying decisions. School information does not guarantee enrollment. Contact a local real estate professional or the school district(s) for current information on schools. This information is not intended for use in determining a person's eligibility to attend a school or to use or benefit from other city, town or local services.

† Based on a 30-year fixed rate of 3.38% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.