2212 Okoboji Avenue, Milford, IA 51351

Milford, IA Homes for Sale in 51351 and Real Estate MLS # 251006

$1,600,000

  • 24
  • 12
  • 15816
  • Active
New Listing

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

$1,600,000

Sale

Quadruplex

MULTIFAMILY

2212 Okoboji Avenue

Milford

IA

51351

24

12

15816

51143

None

7068

2024

Okoboji

1947

Features

Yes

Utilities

No

LISTED BY

NextHome at the Lakes, Bridget Johnson (712.336.9999)

PROPERTY LOCATION

MORTGAGE CALCULATOR


Taylor Galles - Real Estate Professional

Taylor Galles

Real Estate Professional

Ask About this Property #251006

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