300 Linden St Lamoni, IA 50140
This exceptional investment opportunity presents a 2,220 square foot apartment building situated on a 0.28-acre lot at 300 S. Linden St, Lamoni, IA 50140. Currently boasting 100% occupancy, this property generates a substantial monthly income of $2,505. The building comprises five units: three two-bedroom, one-bathroom apartments (each with a garage), one one-bedroom, one-bathroom apartment, and a studio apartment. Recent upgrades significantly enhance the property's value and appeal. Exterior improvements include a newer roof, fresh exterior paint, and a newly constructed deck for one of the units. Interior renovations are equally impressive, featuring new luxury vinyl plank flooring throughout, fresh paint, updated trim and baseboards, new light fixtures, new interior doors, and modernized cabinetry. All appliances remain with the property. Excellent parking is available. This turnkey investment is ready for immediate income generation. The asking price is $270,000. This is a rare opportunity to acquire a well-maintained, high-income producing multifamily property in a desirable location. Don't miss out!
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.