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403 S 4Th Avenue E

Lake Mills, IA 50450
  • $109,900
  • STATUS: Active
  • ON SITE: 3 Days
  • MLS #: 6340028
New On Site 3 Days Ago
UPDATED: 206 min ago
$109,900
  • 0
    BEDS
  • 0.48
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 1,811
    SQFT
  • $61
    $/SQFT
Type:
Multi-Family
Built:
1890
County:
Area:

School Ratings & Info

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!

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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: 2026-07-09T23:54:05.607.

Based on information submitted to the MLS GRID as of 2026-07-09T23:54:05.607(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/178496268
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403 S 4Th Avenue E Lake Mills, IA 50450

  • Price: $109,900
  • Status: Active
  • On Site: 3 Days
  • Updated: 206 min ago
  • MLS #: 6340028
0
Beds
0
Baths
0
½ Baths
0.48
Acres
1,811
SQFT
$61
$/SQFT
1890
Built
Neighborhood:
Lm Subdiv E 7 Ac Se Sw 2-99-23
County:
Winnebago
Area:
Lake Mills
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!
Exterior Features

Construction Materials SlateWood Siding

Interior Features

Basement Full Fireplace YN No Fireplaces Total 0 Heating Hot Water

Property Features

Accessibility Features None Auction YN No Contingency None Electric Expense 2640 Fuel Natural Gas Fuel Expense 3840 Gross Income 21600 Homestead Description None In Foreclosure No Lot Size Dimensions 82.28 x 255.73 Lot Area 0.48 Acres; 21041 SF Maintenance Expense 0 Manager Expense 0 Net Taxes 1782 Operating Expense 8480 Property Sub Type Triplex Sewer City Sewer/Connected Tax Annual Amount 1782 Tax Legal Description 02 99 23 LOT 4 AUD RESURVEY OF LOTS 1 THRU 11 SUBD OF E 7 ACRES OF SE SW 2 99 23 Tax Year 2024 Trash Expense 0 Water Sewer Expense 0 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: 2026-07-09T23:54:05.607.

Based on information submitted to the MLS GRID as of 2026-07-09T23:54:05.607(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