Exceptional investment opportunity on over an acre along Highway 71 with access from P Avenue on the east side. This versatile property features 10 fully occupied apartments with a strong rental history, plus 7 furnished dorm-style rooms offering excellent potential for Airbnb or short-term rentals. A 1,200 sq ft storage building is divided into 5 units with room for future expansion, and a separate 1,500 sq ft heated shop with water and sewer is currently rented, providing additional steady income. With prime highway visibility and ample space for further development—whether additional apartments or expanded storage—this property is ready to grow with your vision.
Legal: LOT 11 STERNBERGS PLAT & 24 FT DRIVE BTWN LOTS 10 & 11 STERNBERGS PLAT & LOT 8 STERNBERGS 3RD SUBDIVISION & S 60 FT LOT 9 STERNBERGS 3RD SUBDIVISION
Status: Active
Property Information
251006
$1,600,000
Sale
Quadruplex
MULTIFAMILY
2212 Okoboji Avenue
Milford
IA
51351
24
12
15816
51143
None
7068
2024
Okoboji
1947
Features
Yes
Utilities
No
LISTED BY
NextHome at the Lakes, Bridget Johnson (712.336.9999)
PROPERTY LOCATION
MORTGAGE CALCULATOR
Aaron Jones
ABR | SRS, RE/MAX Hall of Fame & Lifetime Achievem
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