# 416 Michigan, Storm Lake, IA 50588

> **TL;DR:** 10bd/6ba residential multi family, $285,000 ($57/sqft), built 1955, 5,015 sqft.
> A/C. Est. $1,236/mo. Listed 251 days.

## Property at a Glance

| Attribute | Value |
|-----------|-------|
| Price | $285,000 |
| Price/sqft | $57 |
| Bedrooms | 10 |
| Bathrooms | 6 full |
| Square Feet | 5,015 |
| Year Built | 1955 |
| Lot Size | 7,405 sqft (0.17 acres) |
| Property Type | Residential Multi Family (Other) |
| Status | For Sale |
| Days on Market | 251 |

## Estimated Monthly Costs

| Category | Amount |
|----------|--------|
| Mortgage (20% down, 6.5%) | $1,235 |
| HOA | $1 |
| **Total** | **$1,236** |

## Key Amenities

- A/C

## Property Highlights

- Built in 1955
- 0.17 acre lot

## Description

### Agent Description
6-Unit Property. Exterior Parking. Great Investment Opportunity. 100% Occupied. This 6-unit complex is a great investment. 2 units are one bedroom, one bathroom, while 4 units are two bedrooms, one bathroom . All units have a living space and kitchen/dining. Market Rent Roll: $4,400. Actual Rent Roll:$4,400 (refer to T12 to see strong history of property). There is a separate shared laundry space that contains a coin-operated washer and dryer. This is located in the basement. This yields approximately $400yr. Tenant pays for: Electric. Owner pays for: Electric for common space $130/mo, Water/Sewer $680, Gas $56/mo, Garbage: $93/month. Taxes: $5,650/year. Lawn/Snow Removal: $140/month. Security deposits will be included upon closing. There is ample exterior parking available for tenants..

## Location

- **Address:** 416 Michigan, Storm Lake, IA 50588
- **County:** Buena Vista
- **Coordinates:** 42.641831, -95.202382
- **Google Maps:** https://www.google.com/maps?q=42.641831,-95.202382

## Listing Agent

- **Name:** Adam Doughan
- **Brokerage:** Real Broker, LLC
- **Phone:** 7124416097
- **Email:** office@opendoor.company

## Primary Photo

![416 Michigan - Primary Photo](http://lh.rdcpix.com/66186bd01d800a62f4c699faeaccfca9l-f4196570660r.jpg)

*17 total photos available on [listing page](https://www.propertysimple.com/listing/416-michigan-storm-lake-ia-50588-a830407)*

---

**MLS#:** 830407 | **Updated:** 2026-06-18
**Source:** listhub

*Copyright © 2026 Northwest Iowa Regional Board of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.*

[View on PropertySimple](https://www.propertysimple.com/listing/416-michigan-storm-lake-ia-50588-a830407)

---

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