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318 E Main St
Lamoni, IA 50140

Main Street Apartments · Multifamily Property For Sale · 20 Units

INVESTMENT HIGHLIGHTS

  • Renovated apartments with new flooring, kitchens, baths and more
  • Income producing community Laundromat
  • 2 Units left down for future investor upside. Estimate ~$17,500 for Value Add of ~$120,000
  • Photos: https://photos.app.goo.gl/gaWn4MF4uJdSzFSYA

PROPERTY FACTS

No. Units 20
Property Type Multifamily
Property Subtype Apartment
Apartment Style Low Rise
Building Class C
Lot Size 0.58 AC
Building Size 15,756 SF
Average Occupancy 80%
No. Stories 3
Year Built/Renovated 1979/2019
Parking Ratio 1.33/1,000 SF

UNIT AMENITIES

  • Air Conditioning
  • Heating
  • Kitchen
  • Hardwood Floors
  • High Speed Internet Access
  • Refrigerator
  • Range
  • Wi-Fi
  • Dining Room
  • Family Room
  • Smoke Free
  • Wheelchair Accessible (Rooms)

SITE AMENITIES

  • Laundry Facilities
  • Renters Insurance Program
  • Community-Wide WiFi
  • Elevator
  • Online Services

ABOUT 318 E MAIN ST , LAMONI, IA 50140

View hundreds of photos of the asset: https://photos.app.goo.gl/gaWn4MF4uJdSzFSYA

UNIT MIX INFORMATION

DESCRIPTION NO. UNITS AVG. RENT/MO SF
1+1 20 $525.00 -

PROPERTY TAXES

ZONING

Zoning Code R-3
  • Listing ID: 18311526

  • Date on Market: 1/26/2020

  • Last Updated:

  • Address: 318 E Main St, Lamoni, IA 50140