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Jesse Klingler

640 Cepi DriveSuite 100
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403 S 4th Avenue E, Lake Mills, IA 50450

$109,900
  • 403 S 4th Avenue E, Lake Mills, IA 50450 Main Photo

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Active
BEDS0 BATHS0 SQUARE FEET1,811 MLS#6340028
STATUS PROPERTY TYPEMulti Unit - Multiple SUBDIVISIONLM SUBDIV E 7 AC SE SW 2-99-23

Property Description

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!

403 S 4th Avenue E | MLS# 6340028

This multi-family property located at 403 S 4th Avenue E, Lake Mills, IA 50450 is currently listed for sale with an asking price of $109,900. Search Lake Mills real estate on jklingler.trophypa.com today.

Property Features

Property Type: Multi Unit - Multiple
Basement: Full
Basement: Yes
Fuel Type: Natural Gas
Garage: 2
Heating: Hot Water
Lot Size: 0.48 Acres
Taxes: $1,782
Year Built: 1890

Feature Descriptions

Days on Site: 10
Exterior: Slate, Wood Siding
Lot Dimensions: 82.28 x 255.73 Lot Area 0.48 Acres; 21,041 SF
Parcel #: 0802385032
Sewer: City Sewer/Connected
SQFT Living Area: 1811
Units: 3
Water: Public

Listed By / Shown

Listed By

Agency Name: Realty ONE Group Black Diamond
Agency Phone: 641-592-2665

Shown By

Agent Name: Jesse Klingler
Agent Phone: (636) 699-5208
Agency Title: Trophy Properties & Auction

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Estimated Payment

$ 425.14 per month $244.59 Principal & Interest $148.50 Property Tax $32.05 Homeowner's Insurance

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