61 N 3rd Street, Lansing, 52151

Multi-Unit - Five or More Units For Sale

$289,000

8Beds
4Baths
6,084Sqft
1873Built
MLS® #: 20182609
Active

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.

Essential Information

MLS® #: 20182609
Price: $289,000
Bedrooms: 8
Bathrooms: 4.00
Square Footage: 6,084
Acres: 0.00
Year Built: 1873
Type: Multi-Unit
Sub-Type: Five or More Units
Status: Active

Community Information

Address: 61 N 3rd Street
Area: Allamakee
City: Lansing
State: IA
Zip Code: 52151

Amenities

Parking: On Street
Garages: None

Interior

Cooling: Wall Unit

Exterior

Exterior: Stone, Wood Lap
Roof: Asphalt

School Information

Elementary: Allamakee
Middle: Lansing
High: Lansing

Additional Information

Zoning: R-1

Listing Details

Listing Agent: Barbara Smed
Listing Office: Keller Williams Legacy Group

Financials

$/SqFt: $48

IDX Data comes from Northeast Iowa Regional Board of REALTORS®. 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.

Listing information last updated on August 19th, 2019 at 2:37am CDT.