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318 E Main St
Lamoni, IA 50140

Price Upon Request

Apartments For Sale  •  15,756 SF

Property Details

  • Property Type Apartments
  • Total Building Size 15,756 SF
  • Lot Size 0.58 AC
  • Building Class C
  • Year Built 1979
  • Zoning R-3
0 Transit Score
57 Walk Score

Highlights

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

Financial Summary (Proforma)

Net Operating Income: $56,168 USD (2020)
Total Expenses: $82,957 USD

Major Tenants

Tenant SF Occupied Lease End Date
Highland Village Apartments 3,000 SF

Amenities

  • Air Conditioning
  • Laundry Facilities
  • Heating
  • Renters Insurance Program
  • Kitchen
  • Hardwood Floors
  • High Speed Internet Access
  • Refrigerator
  • Range
  • Wi-Fi
  • Community-Wide WiFi
  • Elevator
  • Online Services
  • Dining Room
  • Family Room
  • Smoke Free
  • Wheelchair Accessible (Rooms)

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 21
Type: Surface
Included in Rent: Yes