403 S 4th Avenue E, Lake Mills, Iowa 50450

IA, Lake Mills
$109,900
  • 1,811 Sqft
  • Residential Income Property Type
  • 1890 Year Built
  • Active Status
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!
Basic Details
  • Property Type: Residential Income
  • Listing Type: For Sale
  • Listing ID: 6340028
  • Price: $109,900
  • Square Footage: 1,811 Sqft
  • Year Built: 1890
  • Lot Area: 0.48 Acre
  • Status: Active
  • Office Name: Realty ONE Group Black Diamond
  • Property Sub Type: Triplex
Features
  • Heating System Hot Water
  • Basement Full
  • Sewer City Sewer/Connected
Address Map
  • Country US
  • State IA
  • County Winnebago
  • City Lake Mills
  • Zipcode 50450
  • Street: 4Th
  • Street Number: 403
  • Street Suffix: Avenue
  • Longitude: W94° 28' 18.3''
  • Latitude: N43° 24' 57.2''
  • Directions: NE of front entrance of school
  • Street Dir Prefix: S
  • Street Dir Suffix: E
Additional Information
  • Accessibility Features: None
  • Construction Materials: Slate,Wood Siding
  • Garage: 2
  • Lot Size Dimensions: 82.28 x 255.73 Lot Area 0.48 Acres; 21, 041 SF
  • Number Of Units Total: 3
  • Previous Price: 109900
  • Stories: 1
  • Water Source: Public
Financial
  • Tax Annual Amount: 1782
Map
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