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207 S Lake Street

Lake Mills, IA 50450
  • $150,000
  • STATUS: Active
  • ON SITE: 42 Days
  • MLS #: 6339080
Price Reduced
UPDATED: 39 min ago
$150,000
  • 0
    BEDS
  • 0.2
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Built:
1880
County:
Area:

School Ratings & Info

Description

Investment Opportunity: 8-Plex Rental Unit Alert! Ready to level up your investment game? Here’s your chance to own an entire 8-plex rental unit—yes, you read that right! Featuring 6 one-bedroom apartments (perfect for those who love to keep things cozy) and 2 two-bedroom apartments (for when you need a bit more room to stretch out), this property is packed with potential. Several units have been given a fresh makeover with newer flooring and paint, just waiting for tenants to call them home! Come see the value and potential of this investment—and who knows, it might just be your new favorite purchase!

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© 2026 North Central Iowa MLS. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS as distributed by MLS Grid or Jane Fischer & Associates. Data last updated: 2026-07-18T09:54:07.54.

Based on information submitted to the MLS GRID as of 2026-07-18T09:54:07.54(date and time MLS Grid Data was obtained). All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
www.janefischer.com/homes/177319825
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207 S Lake Street Lake Mills, IA 50450

  • Price: $150,000
  • Status: Active
  • On Site: 42 Days
  • Updated: 39 min ago
  • MLS #: 6339080
0
Beds
0
Baths
0
½ Baths
0.2
Acres
1880
Built
Neighborhood:
Cd Smiths Add
County:
Winnebago
Area:
Lake Mills
Property Description
Investment Opportunity: 8-Plex Rental Unit Alert! Ready to level up your investment game? Here’s your chance to own an entire 8-plex rental unit—yes, you read that right! Featuring 6 one-bedroom apartments (perfect for those who love to keep things cozy) and 2 two-bedroom apartments (for when you need a bit more room to stretch out), this property is packed with potential. Several units have been given a fresh makeover with newer flooring and paint, just waiting for tenants to call them home! Come see the value and potential of this investment—and who knows, it might just be your new favorite purchase!
Exterior Features

Construction Materials Vinyl Siding Open Parking Spaces 8 Parking Features Gravel

Interior Features

Heating Hot Water

Property Features

Accessibility Features None Auction YN No Contingency None Current Use Hotel/Motel Fractional Ownership 0 Fuel Natural Gas Homestead Description None In Foreclosure No Lot Size Dimensions 66.00 x 132.00 Lot Area 0.20 Acres; 8712 SF Net Taxes 1422 Possible Use IncomeMotel/Hotel Property Sub Type Apartment Sewer City Sewer/Connected Tax Annual Amount 1422 Tax Legal Description 02 99 23 LOT 9 BLK 2 SMITH ADD & A 10 SF TR IN LOT 8 BLK 2 Tax Year 2024 Utilities Electric CommonHeating CommonHot Water Common Water Source Public Yearly Seasonal Yearly

Listing information © 2026 North Central Iowa MLS.
Listing provided courtesy of Marisa Koppen of Realty ONE Group Black Diamond: 641-592-2665 of North Central Iowa MLS as distributed by MLS Grid.



© 2026 North Central Iowa MLS. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS as distributed by MLS Grid or Jane Fischer & Associates. Data last updated: 2026-07-18T09:54:07.54.

Based on information submitted to the MLS GRID as of 2026-07-18T09:54:07.54(date and time MLS Grid Data was obtained). All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
 
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Jane Fischer & Associates
1002 East State St. Suite B
Mason City IA, 50401