51351, IA Milford, 2212 Okoboji Avenue

Discover properties in 51351 within Milford, IA for Sale using Real Estate MLS # 251006.

$1,400,000

  • 24
  • 12
  • 15816
  • Active
Price Decreased

General Description

Exceptional investment opportunity on over an acre along Highway 71 with access from P Avenue on the east side. This versatile property features 10 fully occupied apartments with a strong rental history, plus 7 furnished dorm-style rooms offering excellent potential for Airbnb or short-term rentals. A 1,200 sq ft storage building is divided into 5 units with room for future expansion, and a separate 1,500 sq ft heated shop with water and sewer is currently rented, providing additional steady income. With prime highway visibility and ample space for further development—whether additional apartments or expanded storage—this property is ready to grow with your vision.

Legal: LOT 11 STERNBERGS PLAT & 24 FT DRIVE BTWN LOTS 10 & 11 STERNBERGS PLAT & LOT 8 STERNBERGS 3RD SUBDIVISION & S 60 FT LOT 9 STERNBERGS 3RD SUBDIVISION
Status: Active

Property Information

251006

$1,400,000

Sale

Quadruplex

MULTIFAMILY

2212 Okoboji Avenue

Milford

IA

51351

24

12

15816

51143

None

0.00

7068

2024

Okoboji

1947

Features

Yes

Utilities

No

LISTED BY

NextHome at the Lakes, Bridget Johnson (712.330.1089)

PROPERTY LOCATION

MORTGAGE CALCULATOR


This MultiFamily residence on 2212 Okoboji Avenue (MLS # 251006) is categorized as MultiFamily Homes for Sale in Milford, IA. Available on Greg Sheeler Real Estate, this MultiFamily property is priced at $1,400,000 and boasts 24 bedrooms, 15816 sqft, and 12 bathrooms. Built in 1947, this property on 2212 Okoboji Avenue offers a unique opportunity to explore the real estate market in Milford. For detailed market statistics and community insights, whether you're interested in Milford listings or specifically 2212 Okoboji Avenue, contact RE/MAX Lakes Realty, the premier real estate hub in Iowa Great Lakes. Our team is dedicated to assisting you in finding the perfect residential options in and around Milford, IA.