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Property profile & analytics
OFF-MARKET
Commercial real estate

300 Linden St Lamoni, IA 50140

2,220 SF 0.28 ac lot
Individually Owned 1-yr Hold
Property ID
US25-1706178
Property summary
AI-generated overview

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!

Property profile
Verified
Property type Commercial real estate
Total area 2,220 SF
Lot 0.28 ac (12,197 SF)
UPID US25-1706178
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Christopher J Clark · 1 yrs held
Christopher J Clark
since 2025
2 recorded transactions
2025
$247,000
2017
$120,000
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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