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$950,000
Est. payment /mo
1 Bed
2 Baths
10,882 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Multi-Unit
Listing Status Active
Purchase Type For Sale
Square Footage 10,882 sqft
Price per Sqft $87
MLS Listing ID 834240
Bedrooms 1
Full Baths 2
Year Built 1947
Annual Tax Amount $7,068
Tax Year 2024
Lot Size 0.350 Acres
Acres 0.35
Property Sub-Type Multi-Unit
Property Description
Prairie Wind Apartments is a distinctive 17-unit community that blends 10 traditional apartment living with 7 furnished, dorm-style rooms, giving ownership the flexibility to run long-term leases alongside short-stay income. The furnished rooms are well suited to short-term rental platforms like Airbnb, tapping into the steady flow of visitors drawn to the Okoboji lake region each season. Built right along Hwy 71 in Milford, Iowa, the property has a proven rental history and sits within easy reach of the lake region's recreational draw. It's a straightforward, fully occupied asset with room to grow into its market rents. Offered at $950,000. Offering Memorandum available upon request.
Location
State IA
County Dickinson
Area Surrounding Areas/Other Areas
Zoning res
Multi-Unit Info
Total Units 17
Unit 1 Information SqFt: 750; Bedroom: 1; Bathroom: 1; FullBath: 1
Unit 2 Information SqFt: 700; Bathroom: 1; FullBath: 1
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Listed by Gateway Real Estate Advisors
Nearby School & Business
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