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2212 Okoboji Avenue, Milford, IA 51351

$1,100,000

  • MLS# 260012
  • Bedrooms 24
  • Bathrooms 12
  • Total Sq.ft 8,882
  • Property Type MultiFamily
  • Year Built 1947

Property Description

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.

Legal: LOT 11 STERNBERGS PLAT & 24 FT DRIVE BTWN LOTS 10 & 11 STERNBERGS PLAT
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Property Information

  • 260012
  • $1,100,000
  • Sale
  • Quadruplex
  • MULTIFAMILY
  • 2212 Okoboji Avenue
  • Milford
  • IA
  • 51351
  • 24
  • 12
  • 8882
  • 51143
  • None
  • 0.00
  • 7344
  • 2024
  • Okoboji
  • 1947

Features

  • Yes

Utilities

  • No

LISTED BY

NextHome at the Lakes, Bridget Johnson (712.330.1089)

Property Location

Request Info For MLS #260012

Brooke Jones - Broker Associate, ABR|RSPS, Lakeshore and Residential Expert

Brooke Jones

Broker Associate, ABR|RSPS, Lakeshore and Residential Expert

Tracy Evans - Residential Expert

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