2010 E MainLamoni, IA 50140

Description

Lamoni Multifamily Investment Opportunity—Potential for 17 Apartments Explore the investment potential of this apartment building in Lamoni, Iowa! The property features eight finished apartments—eight one-bedroom units and one three-bedroom unit—with space for eight additional apartments, offering the potential for 17 total units. Major improvements include a brand-new roof, a brand-new sprinkler system, and updated electrical work in finished units and rough-in electrical work in unfinished units. These upgrades provide a valuable foundation for an investor looking to complete the remaining units and expand the property’s rental potential. Located in a college town close to Interstate 35, this property combines convenient access with an opportunity to build a multifamily investment. Whether you’re growing an existing portfolio or taking on your next renovation project, this Lamoni property offers room to add value and pursue long-term income potential.

Property Information

Property type

Commercial Sale

Sub-type

Apartment

Year built

1971

Lot dimensions

86,822

Garage spaces

2

Days on market

5

MLS^® Listing#

6343303

Property Features

Heating

Hot Water · Forced Air

Parking

Covered · Concrete

Construction

Brick

Utilities

Electricity Connected

Sewer

Public Sewer

Water source

Public

Financial Details

Annual taxes

$6,951Tax year 2024

Parcel number

1406300013

Directions

Exit 4 off of I-35 head west. Property is on north side of the road.