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MLS ID #: 20182609

61 N 3rd Street, Lansing, IA 52151

61 N 3rd Street, Lansing, IA 52151
605 Rossville Road, Waukon, IA 52172
Listing Agent: Barbara Smed
Cell: (563) 568-7159 | Office: (563) 568-0011 | Fax: (563) 568-3035 | Home: (563) 568-6180
Email: bsmed@kw.com
Website: www.smedrealty.com
MLS ID #:
20182609

Property Address:
61 N 3rd Street
Lansing, IA 52151

County:
Allamakee

Region:
Outside the Metro Area

Year Built:
1873

Property Type:
Multi-unit

Sub-Type:
Five or More Units

Number of Units:
5

Elementary School:
Allamakee

Mid/Jr High School:
Lansing

Sr. High School:
Lansing

Date Listed:
May 17th, 2018

Status:
Active

Price:
$289,000.00

Gross Taxes:
$5,757.00

Gross Income:
$31,500.00

Net Income:
$20,750.00 Actual

Occupant:
Renter

Tenant Responsible:
Electric, Garbage, Heat, Water

Terms of Tenancy:
Over 9 Months

Finance Type:
Cash, Conventional

Sale/Lease Type:
Normal Sale

Docs on File:
Sellers Disclosure

Zoning:
R-1

Legal Desc:
S 62' OF LOT 1 & E 15' OF S 1/2 OF LOT 2 BLK 17 OP (per beacon.schneider)

Unit #1:
2 Bed, 1 Bath, Garage, Refrigerator, Stove, $450.00 Rent

Unit #2:
2 Bed, 1 Bath, Garage, Refrigerator, Stove, $475.00 Rent

Unit #3:
2 Bed, 1 Bath, Garage, Refrigerator, Stove, $500.00 Rent

Unit #4:
2 Bed, Refrigerator, Stove, $475.00 Rent

Unit #5:
1 Bath, Refrigerator, Stove, Dishwasher

Basement:
Entrance-Outside, Finished-Partly, Walk-Out

Laundry:
None

Garage Type:
None

Parking:
On Street

Total Fin Sq Ft:
6,084 sq ft

Main Sq Ft:
2,172 sq ft

2nd Level Sq Ft:
1,872 sq ft

Lot Sq Footage:
5,512

Lot Dimensions:
60x90

Reg/Irreg:
Reg

Exterior:
Stone, Wood Lap

Siding:
Stone, Wood

Roof Type:
Asphalt

Utilities Available:
Cable in Rent, Elec Individual Meters, Gas Individual Meters

Water Type:
City

Sewer Type:
City

Fuel Type:
Electric

Water Sep by Unit:
Yes

Elec Sep by Unit:
Yes

Heat Sep by Unit:
Yes

Cooling:
Wall Unit

Flood Plain Class:
C/X - Not in Flood Plain

Remarks: 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.
Realtor/Equal Housing Lender Listing provided courtesy of Keller Williams Legacy Group.
Listing Agent: Barbara Smed
IDX Data comes from The Waterloo-Cedar Falls Board Of REALTORS® (WCFBOR). IDX information is provided exclusively for consumers' personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable but is not guaranteed accurate by the MLS.

Additional Photos

  • 61 N 3rd Street, Lansing, IA 52151
  • 61 N 3rd Street, Lansing, IA 52151
  • 61 N 3rd Street, Lansing, IA 52151
  • 61 N 3rd Street, Lansing, IA 52151
  • 61 N 3rd Street, Lansing, IA 52151
  • 61 N 3rd Street, Lansing, IA 52151
  • 61 N 3rd Street, Lansing, IA 52151
  • 61 N 3rd Street, Lansing, IA 52151
  • 61 N 3rd Street, Lansing, IA 52151
  • 61 N 3rd Street, Lansing, IA 52151
  • 61 N 3rd Street, Lansing, IA 52151
  • 61 N 3rd Street, Lansing, IA 52151
  • 61 N 3rd Street, Lansing, IA 52151
  • 61 N 3rd Street, Lansing, IA 52151
  • 61 N 3rd Street, Lansing, IA 52151
  • 61 N 3rd Street, Lansing, IA 52151

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