300 South Linden Street, Lamoni, IA 50140 - Decatur County

Property # 77890

Calling all investors! Come take a look at this 5-plex located in the college town of Lamoni, IA. This 5-plex is 100% occupied and offers you the chance to immediately step into a money-making endeavor. This property produces $2,505 of income each month.

The seller has completed many upgrades over the past several years. Upgrades on the exterior include a newer roof, fresh exterior paint, and a new deck on apartment 1. Upgrades on the interior include new Luxury vinyl plank flooring in all units, fresh paint, new trim and baseboard, new light fixtures, new interior doors, and updated the cabinetry. These units are in EXCELLENT shape and have been very well taken care of!

Features Include:

- 3 units of 2-bedroom, 1-bathroom (each 2-br comes with a garage)

- 1 unit of 1-bedroom, 1-bathroom

- 1 unit is a studio

- $2,505/month of income

- 100% occupied

- Many exterior upgrades

- New back deck on unit 1

- Fresh exterior paint

- Newer roof

- Many interior upgrades

- LVP flooring

- New doors, trim, baseboard

- Fresh interior paint

- New fixtures

- Updated cabinetry

- Appliances stay

- Good parking