61 N 3rd Street

    Lansing, IA 52151
    • $289,000
    • STATUS: Active
    • ON SITE: 549 days
    • MLS #: 20182609
    $289,000
    • 0
      BEDS
    • 0.13
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 6,240
      SQFT
    • $46
      $/SQFT
    Type:
    Multi-Family
    Built:
    1873
    County:
    Area:

    School Information

    Elementary School:
    Middle School:
    High School:

    Description

    Have you been searching for a solid investment property that also allows you to enjoy a vacation get-away of your own? Check this out! Formally a large church located in Lansing, Iowa, this property has been converted into four spacious 2-bdrm apartments, while a year-round vacation rental occupies the entire upper level. The apartments are rented long-term; utilities, water and sewer charges are separate for each apartment. The upper level, well known as 'The Lansing Loft' is a beautiful master loft with views of the Mississippi River and community of Lansing. The Loft is offered for vacation rental and occasional long-term contract. Sale price includes established marketing base and website (Lansing Loft website, vrbo listing, airbnb listing, homeaway, travel Iowa, trip advisor) to successful buyer planning to continue advertising and renting out 'The Loft'. The Loft features a large common area with pool table and plenty of gathering space. Loft is being sold furnished, with the exception on several personal items. Custom kitchen with generous counter/eating space. As this building was originally a church, the former bell tower has been converted into an adorable reading nook. The custom design is a must see. Recent updates include roof replacement and exterior painting. Apartments have been continually updated throughout the years. Located in Lansing, Iowa a Mississippi River Community with easy river access, beautiful views, Mt. Hosmer, the Driftless Center, hunting, hiking, bird watching, kayaking, canoeing, boating, fishing, along with enjoying eclectic shops and cafes up and down the main streets. Pool 9 of the Mississippi River has some of the best fishing and boating opportunities on the river. Wonderful for year-round activities or as a vacation destination.

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    Listing information © 2019 Waterloo Cedar Falls Board of Realtors®. IDX information is provided exclusively for consumers' personal, non-commercial use. It may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but not guaranteed accurate by the MLS. Data last updated: 2019-11-17T23:53:23.153.
    www.cedarvalleyhomesforsale.com/homes/83677974

    61 N 3rd Street Lansing, IA 52151

    • Price: $289,000
    • Status: Active
    • MLS #: 20182609
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.13
    Acres
    6,240
    SQFT
    $46
    $/SQFT
    1873
    Built
    County:
    Allamakee
    Area:
    Allamakee
    Elementary School:
    Allamakee
    Middle School:
    Lansing
    High School:
    Lansing
    Property Description
    Have you been searching for a solid investment property that also allows you to enjoy a vacation get-away of your own? Check this out! Formally a large church located in Lansing, Iowa, this property has been converted into four spacious 2-bdrm apartments, while a year-round vacation rental occupies the entire upper level. The apartments are rented long-term; utilities, water and sewer charges are separate for each apartment. The upper level, well known as 'The Lansing Loft' is a beautiful master loft with views of the Mississippi River and community of Lansing. The Loft is offered for vacation rental and occasional long-term contract. Sale price includes established marketing base and website (Lansing Loft website, vrbo listing, airbnb listing, homeaway, travel Iowa, trip advisor) to successful buyer planning to continue advertising and renting out 'The Loft'. The Loft features a large common area with pool table and plenty of gathering space. Loft is being sold furnished, with the exception on several personal items. Custom kitchen with generous counter/eating space. As this building was originally a church, the former bell tower has been converted into an adorable reading nook. The custom design is a must see. Recent updates include roof replacement and exterior painting. Apartments have been continually updated throughout the years. Located in Lansing, Iowa a Mississippi River Community with easy river access, beautiful views, Mt. Hosmer, the Driftless Center, hunting, hiking, bird watching, kayaking, canoeing, boating, fishing, along with enjoying eclectic shops and cafes up and down the main streets. Pool 9 of the Mississippi River has some of the best fishing and boating opportunities on the river. Wonderful for year-round activities or as a vacation destination.
    Exterior Features

    Exterior StoneWood Lap Garage Stalls 0 Garage Type None Lot Reg Lot Dimensions 60X90 Off Street Parking Spaces 0 Parking On Street Roof Type Asphalt Siding StoneWood

    Interior Features

    Basement Entrance-OutsideFinished-PartlyWalk-Out Cooling Wall Unit Heat Type Electric Laundry None Sq Ft Down 0 Sq Ft Main 2080 Sq Ft Second Level 2080 Sq Ft Third Level 2080 Unit1 Baths 1 Unit1 Bedrooms 2 Unit2 Baths 1 Unit2 Bedrooms 2 Unit3 Baths 1 Unit3 Bedrooms 2 Unit4 Bedrooms 2 Unit5 Baths 1

    Property Features

    Assessed Value 197500 Documents On File Aerial Photo Electric Separate By Unit Yes Finance Type CashConventional Flood C/X - Not in Flood Plain Fuel Type Electric Gross Income 36500 Gross Taxes 5759 Heat Separate By Unit Yes Multifamily Type Five Or More Units Net Income 25500 Net Income Is Actual Occupied By Renter Operating Expense Is Actual Operating Expenses 11000 Region Outside The Metro Area Sale Type Normal Sale Sewer Type City Tenant Responsible ElectricGarbageHeatWater Terms Of Tenancy Over 9 Months Unit1 Rent 500 Unit2 Rent 460 Unit3 Rent 510 Unit4 Rent 575 Utilities Available Elec Individual Meters Water Separate By Unit Yes Water Sewer Expense 0 Water Type City Zoning R-1

    Listing provided courtesy of Barbara Smed of Keller Williams Legacy Group.
    Listing information © 2019 Waterloo Cedar Falls Board of Realtors®. IDX information is provided exclusively for consumers' personal, non-commercial use. It may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but not guaranteed accurate by the MLS. Data last updated: 2019-11-17T23:53:23.153.
     
    Amy Wienands Real Estate
    1730 W. Ridgeway Avenue
    Waterloo IA, 50701