This Multifamily Property is no longer advertised on LoopNet.com.
318 E Main St
Lamoni, IA 50140
Main Street Apartments · Multifamily Property For Sale · 20 Units
![318 E Main St, Lamoni, IA for sale - Aerial - Image 1 of 1](https://images1.loopnet.com/i2/4nBSM0iNzv3zb6nR3kee_x8jWfGahT3sTR0RkU7JJR0/110/318-E-Main-St-Lamoni-IA-Aerial-1-Large.jpg)
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 | - |
LINKS
PROPERTY TAXES
Parcel Number | 1302387006 | Improvements Assessment | $323,690 |
Land Assessment | $20,655 | Total Assessment | $344,345 |
ZONING
Zoning Code | R-3 |
Listing ID: 18311526
Date on Market: 1/26/2020
Last Updated:
Address: 318 E Main St, Lamoni, IA 50140