403 S 4Th Ave E, Lake Mills, IA 50450
- Sqft
- 1,811
- Garage
- Yes
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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
Disclaimer: Certain information displayed on this listing has been derived from parties other than Final Offer, LLC. Information provided and their sources have been deemed reliable, but accuracy of information is not guaranteed and therefore should be independently verified.
Sourced from: NoCoast MLS (North Central Iowa) MLS®#: 6340028 Last checked: …

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