2212 Okoboji
Milford, IA 51351
$1,100,000
Listing #284784
Year Built: 1947
Multi-Unit
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.
Exterior Features
| Lot Size | 1.17 acres |
Courtesy of Bridget Johnson, NextHome At The Lakes
This content last updated on 4/5/2026 1:30 AM. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.
