103 Kathy Drive Lancaster, VA
$ 140,000
Property Attributes
  • MLS#1935912
  • TypeMulti-Family
  • CityLancaster
  • Area110 - Lancaster
  • Zip22503
  • Style
  • Year Built2003
  • Taxes749
  • Price$ 140,000
  • Bedrooms2
  • Full Bathrooms2
  • Half Bathrooms0
  • Sqr Footage1536
  • Lot Size1.24 Acres
Listing Provided Courtesy Of:
Jessica Cutler with Melrose Plantation Real Estate.
Property Description

This is a good home to live in with your family or let someone rent the next door of your duplex. If your goals include becoming financially independent, this is an investor's dream for rental income and wealth. When you purchase this duplex property for rental income potential @ $650 per side x 2 sides = $1,300 per month x 12 = $15,600 per year with low maintenance costs, insurance, and taxes. This investment should pay for itself quickly and provide a tax shelter for other income if the depreciation and deductions are still allowed for investment properties in the new tax laws. There are 2BR/1BA per side = 4BR/2BA per resident. Each side has it own heat pump, HVAC system for individually controlled, central heat, and AC. This property just 1/2 mile from the Lancaster County Public Boat Landing and pier "Greenvale Creek Landing", and near the full-service Yankee Point Marina, and Greenvale Marina. You also can buy all 8 duplexes [address are 103 (& 105), 153 (& 155), 183 (& 185), 264 (& 266) Kathy Drive] for $550,000. These properties are THE REAL INVESTMENT!!!

Elementary School Middle School High School
Lancaster Elementary School Lancaster Middle School Lancaster High School
Price History
11/5/2019 Listed $140,000

General Features

High School Lancaster
MLS Area 110 - Lancaster
Property SubType Duplex
Property Type Residential Income
Subdivision Name None
Terms All Financing Considered, Cash, Conventional, FHA, USDA Loan, VA Loan
Total Units 2
Zoning Description R1

Interior Features

Basement Crawl Space
Interior Features Bedroom on Main Level, Eat-in Kitchen, Laminate Counters, Laminate Countertop
Living Area 1536

Exterior Features

Architectural Style Other
Construction Materials Block, Drywall, Concrete, Vinyl Siding
Fencing None
Lot Features Level
Lot Size Acres 1.24
Parking Features Driveway, Paved
Patio/Porch Features Rear Porch, Deck, Front Porch
Roof Composition, Shingle
Sewer Septic Tank
Water Source Community/Coop, Shared Well


  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Zip Code Average in 22503

AVG $140K
AVG $747
Year Built
AVG 2003

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