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Size: 1.17 Acres
Type: Homesites

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Residential Multi Family, Other - Milford, IA

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.

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Next Home at the Lakes

License #S67411000,PersonLicenseNumber

Spirit Lake, IA

(970) 618-9379

Bridget Johnson

Next Home at the Lakes
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Provided By

Next Home at the Lakes, (712) 336-9999
Source: ListHub, MLS# 251006
Listing status: Active
Listing last updated: October 3, 2025 at 7:09 PM
Listing last checked: October 10, 2025 at 7:30 AM
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