Listing Courtesy of: John Sweeney - Sweeney Real Estate
563-568-4170
$275,000
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73 Shaw Street Lansing, IA 52151
Single Family
Residence
5
Beds
2
Baths
Sq. Ft.
0.35
Acre
Lot
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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 b...edrooms,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!
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MLS#
20242010
Property Type
Single Family
Bedrooms
5
Bathrooms
2 Full
Year Built
1960
Lot Size
0.35
Sewer
City Sewer
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