BEDS24
BATHS12
MLS#260012
STATUSActive
PROPERTY TYPEMulti Unit - Multiple
SCHOOLOkoboji
Property Description
Positioned along Highway 71, this income-producing property presents an exceptional value opportunity with built-in visibility and proven performance. Recently divided, this offering includes exclusively the multifamily apartment portion. The property features 10 fully occupied apartment units backed by a strong and consistent rental history, delivering immediate, dependable cash flow. In addition, 7 furnished dorm-style rooms provide flexible income potential through short-term or extended-stay rentals, creating multiple revenue streams within one investment. With stabilized occupancy, high-exposure location, and room for continued income growth, this multifamily asset offers an attractive combination of stability, flexibility, and long-term upsideâ??making it a smart addition to any investment portfolio.
Property Features
Property Type: Multi Unit - Multiple
Basement: Yes
Days on Market: 63
Fuel Type: Electric, Natural Gas
Heating: Baseboard, Forced Air
Lot Size: 1.17 Acres
Roof Type: Asphalt, Metal
Taxes: $7,344
Year Built: 1947
Feature Descriptions
Basement Style: Full
Community Features: Coin-op Laundry Own
Exterior: Driveway-Concrete, Patio, Porch
Exterior: Wood Siding
Flood Zone: Unknown
Furnished: Yes
Lot Dimensions: 100x153, 24x153
Parcel #: 1106151009
Property Attached: Yes
Sewer: Public Sewer
SQ FT Above Grade Finished: 6882
SQ FT Below Grade Finished: 2000
SQ FT Total: 8882
Water: Public/City
Local Schools
School District: Okoboji
Listed By / Shown By
Listed By
Agency Name: NextHome at the Lakes
Agency Contact: PRIM: (712) 336-9999
Agent Name: Bridget Johnson
Shown By
Agency Title: Hinn Real Estate
Agency Phone: 712-336-1240
Estimate Your Payment
Estimated Payment
$ 5,549.89 per month $4,617.06 Principal & Interest $612.00 Property Tax $320.83 Homeowner's Insurance