73 Shaw Street, Lansing

$275,000

5 Beds
2 Baths
2,684 Sqft
.35 Acres
2 Garages

Property Description

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!

Essential Information
MLS® #20242010
Price$275,000
Bedrooms5
Bathrooms2.00
Square Footage2,684
Acres0.35
Year Built1960
TypeResidential
Sub-TypeSingle Family Residence
StatusActive
Community Information
Address73 Shaw Street
CityLansing
CountyAllamakee
StateIA
Zip Code52151
Amenities
Parking2 Stall, Tuckunder Garage
# of Garages2
Interior
AppliancesAppliances Negotiable
HeatingForced Air, Propane Rented
CoolingCentral Air
FireplacesNone
Exterior
Exterior FeaturesDeck
Lot DescriptionLevel
RoofShingle, Asphalt
School Information
ElementaryEastern Allamakee
MiddleEastern Allamakee
HighEastern Allamakee
Additional Information
Date ListedMay 17th, 2024
Days on Market47
ZoningR-1
Listing Details
AgentJohn Sweeney
OfficeSweeney Real Estate
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Listing information last updated on July 4th, 2024 at 7:53am CDT.