403 S 4Th Ave E, Lake Mills, IA 50450

Sqft
1,811
Garage
Yes

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Listed byRealty ONE Group Black Diamond
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Overview

Whether you're looking to expand your investment portfolio or purchase your first income-producing property, this triplex offers an excellent opportunity! With tenants already in place, this property provides immediate rental income from day one. The building features three units, including two main-level apartments—an efficiency unit and a one-bedroom unit—and a spacious two-bedroom apartment on the upper level. A new boiler installed in 2025 adds peace of mind for future ownership. Situated on a generous 0.48-acre lot, tenants can enjoy plenty of outdoor space, and the detached double garage offers additional storage or the potential for future rental income, as it has not previously been utilized by tenants. All utilities are currently included in the rent, making this a turnkey investment with room for future value-add opportunities. Don't miss your chance to start—or grow—your real estate portfolio with this solid income-producing property!

Location

Full feature list

Basic info

Property type
Multi-family
Number of stories
1
Square feet
1,811
Lot size (acres)
0.48
Year built
1890

Interior features

Basement
Yes

Garage and parking

Garage parking spaces
2

Utilities

Heating
Hot Water
Sewer
Public Sewer
Water
Public Water

Estimated monthly costs

Electricity
$220

Taxes

Tax Annual Amount (2024)
$1,782

Public schools

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Sourced from: NoCoast MLS (North Central Iowa) MLS®#: 6340028 Last checked:

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