61 N 3rd Street

    Lansing, IA 52151
    • $289,000
    • STATUS: Active
    • ON SITE: 311 days
    • MLS #: 20182609
    UPDATED: 55 min ago
    $289,000
    • 0
      BEDS
    • 0.13
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 6,084
      SQFT
    • $48
      $/SQFT
    Type:
    Multi-Family
    Built:
    1873
    County:
    Area:

    School Information

    Elementary School:
    Middle School:
    High School:

    Description

    This is a great time to build your investment portfolio! Well-established income property in Lansing, Iowa, offers the best of both worlds. Four 2-bedroom apartments, along with a very popular vacation rental. The apartments are rented long-term and each features two bedrooms and one bath. Utilities, water and sewer charges are separate for each apartment. The upper level, 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. Custom kitchen with generous counter/eating space. As this building was originally a church, the former bell tower has been converted into a reading nook. The custom design is a must see. Roof recently replaced. This great property is within walking distance to the Mississippi River and many fine dining opportunities.

    Monthly Payment Calculator

    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: 2019-03-25T20:53:26.187.
    www.cedarvalleyhomesforsale.com/homes/83677974

    61 N 3rd Street Lansing, IA 52151

    • Price: $289,000
    • Status: Active
    • Updated: 55 min ago
    • MLS #: 20182609
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.13
    Acres
    6,084
    SQFT
    $48
    $/SQFT
    1873
    Built
    County:
    Allamakee
    Area:
    Allamakee
    Elementary School:
    Allamakee
    Middle School:
    Lansing
    High School:
    Lansing
    Property Description
    This is a great time to build your investment portfolio! Well-established income property in Lansing, Iowa, offers the best of both worlds. Four 2-bedroom apartments, along with a very popular vacation rental. The apartments are rented long-term and each features two bedrooms and one bath. Utilities, water and sewer charges are separate for each apartment. The upper level, 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. Custom kitchen with generous counter/eating space. As this building was originally a church, the former bell tower has been converted into a reading nook. The custom design is a must see. Roof recently replaced. This great property is within walking distance to the Mississippi River and many fine dining opportunities.
    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 Laundry None Sq Ft Down 2040 Sq Ft Main 2172 Sq Ft Second Level 1872 Sq Ft Third Level 0 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 Sellers Disclosure Electric Separate By Unit Yes Finance Type CashConventional Flood C/X - Not in Flood Plain Fuel Type Electric Gross Income 31500 Gross Taxes 5757 Heat Separate By Unit Yes Multifamily Type Five Or More Units Net Income 20750 Net Income Is Actual Occupied By Renter Operating Expense Is Actual Operating Expenses 10750 Region Outside The Metro Area Sale Type Normal Sale Sewer Type City Tenant Responsible ElectricGarbageHeatWater Terms Of Tenancy Over 9 Months Unit1 Rent 450 Unit2 Rent 475 Unit3 Rent 500 Unit4 Rent 475 Utilities Available Cable in RentElec Individual MetersGas 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: 2019-03-25T20:53:26.187.
     
    Amy Wienands Real Estate
    1730 W. Ridgeway Avenue
    Waterloo IA, 50701