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About This Home
This 0-bedroom, 0-bathroom residential multi family at 2212 Okoboji in Milford, IA is listed for $1,100,000. Built in 1947, on a 1.17 acres lot.
Positioned along Highway 71, this income-producing property presents an exceptional value opportunity with built-in visibility and proven performance. Recently divided, this offering includes exclusively the multifamily apartment portion. The property features 10 fully occupied apartment units backed by a strong and consistent rental history, delivering immediate, dependable cash flow.
In addition, 7 furnished dorm-style rooms provide flexible income potential through short-term or extended-stay rentals, creating multiple revenue streams within one investment. With stabilized occupancy, high-exposure location, and room for continued income growth, this multifamily asset offers an attractive combination of stability, flexibility, and long-term upside—making it a smart addition to any investment portfolio.
Key Features
- Built in 1947
- 1.17 acre lot
Property Details
Monthly Cost Estimate
$5,883/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
2212 Okoboji
Milford, IA 51351
Questions & Answers
This 0-bedroom, 0-bathroom residential multi family at 2212 Okoboji is listed at $1,100,000. The estimated monthly payment is $4,767 based on 20% down at 6.5% interest.
Key features include: Built in 1947, 1.17 acre lot.
This property is listed by Bridget Johnson and can be reached at 9706189379 or bridget@nexthomeatthelakes.com.
