318 E Main St | Lamoni, IA 50140
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- LoopNet Team
318 E Main St
Lamoni, IA 50140
Main Street Apartments · Multifamily Property For Sale
·
20 Units
INVESTMENT HIGHLIGHTS
- Renovated apartments with new flooring, kitchens, baths and more
- Income producing community Laundromat
- 2 Units left down for future investor upside. Estimate ~$17,500 for Value Add of ~$120,000
- Photos: https://photos.app.goo.gl/gaWn4MF4uJdSzFSYA
PROPERTY FACTS
| No. Units | 20 | Building Size | 15,756 SF |
| Property Type | Multifamily | Average Occupancy | 80% |
| Property Subtype | Apartment | No. Stories | 3 |
| Apartment Style | Low-Rise | Year Built/Renovated | 1979/2019 |
| Building Class | C | Parking Ratio | 1.33/1,000 SF |
| Lot Size | 0.58 AC | ||
| Zoning | R-3 | ||
| No. Units | 20 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.58 AC |
| Building Size | 15,756 SF |
| Average Occupancy | 80% |
| No. Stories | 3 |
| Year Built/Renovated | 1979/2019 |
| Parking Ratio | 1.33/1,000 SF |
| Zoning | R-3 |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Heating
- Kitchen
- Hardwood Floors
- High Speed Internet Access
- Refrigerator
- Range
- Wi-Fi
- Dining Room
- Family Room
- Smoke Free
- Wheelchair Accessible (Rooms)
SITE AMENITIES
- Laundry Facilities
- Renters Insurance Program
- Community-Wide WiFi
- Elevator
- Online Services
ABOUT 318 E MAIN ST , LAMONI, IA 50140
View hundreds of photos of the asset: https://photos.app.goo.gl/gaWn4MF4uJdSzFSYA
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 20 | $525.00 | - |
PROPERTY TAXES
| Parcel Number | 1302387006 | Improvements Assessment | $323,690 |
| Land Assessment | $20,655 | Total Assessment | $344,345 |
PROPERTY TAXES
Parcel Number
1302387006
Land Assessment
$20,655
Improvements Assessment
$323,690
Total Assessment
$344,345
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