403 S 4Th AVE, Lake Mills, IA 50450
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403 S 4Th AVE, Lake Mills, IA 50450
403 S 4Th AVE, Lake Mills, IA 50450
403 S 4Th AVE, Lake Mills, IA 50450
403 S 4Th AVE, Lake Mills, IA 50450
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Alexis (Lexie) Carstens

Alexis (Lexie) Carstens

+1(563) 505-3009
Listed by Marisa Koppen Realty ONE Group Black Diamond
$ 109,900
Est. payment /mo
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Active

403 S 4Th AVE Lake Mills, IA 50450

1,811 SqFt

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Triplex

Listing Status Active

Purchase Type For Sale

Square Footage 1,811 sqft

Price per Sqft $60

Subdivision Lm Subdiv E 7 Ac Se Sw 2-99-23

MLS Listing ID NOC6340028

Year Built 1890

Annual Tax Amount $1,782

Tax Year 2024

Lot Size 0.480 Acres

Acres 0.48

Lot Dimensions 82.28 x 255.73 Lot Area 0.48 Acres; 21,041 SF

Property Sub-Type Triplex

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!

Location

State IA

County Winnebago

Area 1811

Direction NE of front entrance of school

Rooms

Basement Full

Interior

Heating Hot Water

Fireplace No

Exterior

Garage Spaces 2.0

View Y/N true

Accessibility None

Building

Story 1

Sewer City Sewer/Connected

Water Public

Structure Type Slate,Wood Siding

Schools

School District 3420 - Lake Mills

Others

Energy Description Natural Gas

Acceptable Financing NOC6340028

Listing Terms NOC6340028

Alexis (Lexie) Carstens

Alexis (Lexie) Carstens

Agent

+1(563) 505-3009

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403 S 4Th AVE