73 SHAW ST LANSING, IA 52151

Features

• Price/sqft: $98
• Lot Size: 15180.00 sq. ft.
• Total Rooms: 7
• Room List: Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5, Bathroom 1, Bathroom 2
• Stories: 1
• Roof Type: Asphalt
• Heating: Forced Air Heating
• Construction Type: Frame

Facts

• Year Built: 01/01/1960
• Property ID: 950840746
• MLS Number: 20242010
• Parcel Number: 0829301009
• Property Type: Townhouse or Condo
• County: ALLAMAKEE
• Listing Status: Active

Sale Type

This is an MLS listing, meaning the property is represented by a real estate broker, who has contracted with the home owner to sell the home.

Description

This listing is NOT a foreclosure. This excellent income producing duplex currently rented! This is a great 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 artesian 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 only minutes to the boat landings. The recent influx of rental demand in the area, this would be a very 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! Financial commitment letters and 48 hour notice required prior to arranging showings.