Lamoni Multifamily Investment Opportunity—Potential for 17 Apartments

Explore the investment potential of this apartment building in Lamoni, Iowa! The property features eight finished apartments—eight one-bedroom units and one three-bedroom unit—with space for eight additional apartments, offering the potential for 17 total units.

Major improvements include a brand-new roof, a brand-new sprinkler system, and updated electrical work in finished units and rough-in electrical work in unfinished units. These upgrades provide a valuable foundation for an investor looking to complete the remaining units and expand the property’s rental potential.

Located in a college town close to Interstate 35, this property combines convenient access with an opportunity to build a multifamily investment. Whether you’re growing an existing portfolio or taking on your next renovation project, this Lamoni property offers room to add value and pursue long-term income potential.