2212 Okoboji

2212 Okoboji | Milford IA, 51351

$1,100,000

Property Overview

  • Year Built: 1947
  • Size: 8,882 sq. ft
  • Bedrooms: 24
  • Bathrooms: 12
  • Taxes: $7344
  • Lot Size: 51143 sq. ft
  • MLS ID: 260012
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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.

Listing courtesy of Bridget Johnson - NextHome at the Lakes - PRIM: (712) 336-9999

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