$275,000 Price Analysis    ♡   Lansing, IA 52151 5 bed 2 bath 2,684 SqFt ($102/SqFt) 0.35 acre lot. Built 1960 Listed 2024-05-17, Taxes $3,736 | ✓ USDA Eligible near Lansing, IA Restrictions may apply due to home size |
This excellent income producing duplex currently rented!
This is a exceptional opportunity if you are an investor looking for a turn key transaction, a full time residence or weekend getaway with the other unit making the payment for you. The entire property features 2 large recently renovated units, 5 bedrooms, 2.5 baths, a large open-concept kitchen, dining and living room . An artesan water system (not city water) and plenty of space for parking boats or extra vehicles on this large lot.
This is within walking distance to dining and minutes to the boat landings. The recent influx of rental demand in the area, this would be a wise addition to any portfolio. Both units occupied with a current GRI $32, 400 annual, showing an estimated 8% cap rate and a potential 9.31% IRR. Call today to receive more details on how to build your wealth with this investment!
Presented by John Sweeney, ALC, CNE, ePro at
Sweeney Real Estate.
Property MLS #20242010 from NorthEastIARegional
Bedrooms On Upper Level: 5
Primary Bedroom Level: Second Floor
Full Bathrooms: 2
Full Bathrooms On Upper Level: 2
Laundry Facilities: Dryer Hook-Up Electric, Washer Hookup
Heating Features: Forced Air, Propane Leased
Heating Fuel: Propane
Kitchen Level: Second Floor
Basement Description: Block, Concrete
Road Frontage Type: Paved Road Frontage
Lot Description: Level
Lot Size Acres: 0.35
Lot Size Dimensions: 132 x 115
Lot Size Square Feet: 15246
Garage Spaces: 2
Garage Description: 2 Stall, Tuck Under
Garage Features: 300
Calculated Total Monthly Association Fees: 0
High School: Eastern Allamakee
Middle School: Eastern Allamakee
Map directions Map directions Map directionsSource Listing Status: ACTIVE
Source Property Type: RESIDENTIAL
Area: Allamakee
Source Neighborhood: Allamakee
Parcel Number: 0829301009
State Region: Outside the Metro Area
Zoning: R-1
Flood Plain: Not in Flood Plain
Property Subtype: Single Family
Source System Name: C2C
| Year | Assessments Building + Land Total | Tax |
|---|---|---|
| 2022 | $168,400 + $14,400 $182,800 | $3,736 |
| 2021 | $168,400 + $14,400 $182,800 | $3,598 |
| 2020 | $160,300 + $14,400 $174,700 | $3,586 |
| 2019 | $160,300 + $14,400 $174,700 | $3,184 |
| 2018 | $138,000 + $14,400 $152,400 | $3,124 |
| 2017 | $138,000 + $14,400 $152,400 | $2,852 |
| 2016 | $133,800 + $14,400 $148,200 | $2,848 |
| 2015 | $133,800 + $14,400 $148,200 | $2,866 |
| 2013 | $133,800 + $14,400 $148,200 | $2,344 |
| 2011 | $121,600 + $14,400 $136,000 | $2,288 |
| 2008 | $109,630 + $14,380 $124,010 | $1,864 |
| 2005 | $unknown + $unknown $115,360 | $1,782 |
$275,000
NorthEastIARegional
Listing removed 2024-05-10
$0
NorthEastIARegional
Listed 2023-12-14
$290,000
NorthEastIARegional
Listing removed 2023-12-01
$0
NorthEastIARegional
Price Changed 2023-08-18
$297,000
NorthEastIARegional
Listed 2023-07-17
$330,000
NorthEastIARegional
Listing removed 2021-10-20
$0
NorthEastIARegional
Price Changed 2021-06-09
$184,500
NorthEastIARegional
Price Changed 2020-09-14
$189,500
NorthEastIARegional
Price Changed 2020-08-03
$197,500
NorthEastIARegional
Listed 2020-07-11
$207,500
NorthEastIARegional
Sold 2009-10-30
$125,000
Public Record
Year Built: 1960
Building Exterior Type: Vinyl
Property Age: 64
Roof: Shingle, Asphalt
Levels or Stories: 2
House Style: 2 Story
Total Area Main: 1240
Water Source: Private Well
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The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.