Property Attributes
- MLS#1935918
- TypeMulti-Family
- CountyLANCASTER
- CityLancaster
- Area110 - Lancaster
- Zip22503
- Style
- Year Built2003
- Taxes752
- Price$ 140,000
- Bedrooms2
- Full Bathrooms2
- Half Bathrooms0
- Sqr Footage1536
- Lot Size0.83 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 of 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 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 | 0.83 |
| Parking Features | Driveway, Paved |
| Patio/Porch Features | Rear Porch, Deck, Front Porch |
| Roof | Composition, Shingle |
| Sewer | Septic Tank |
| Water Source | Community/Coop, Shared Well |
Amenities
- 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
All or a portion of the multiple listing information is provided by the Central Virginia Regional Multiple Listing Service, LLC, from a copyrighted compilation of listings. All CVR MLS information provided is deemed reliable but is not guaranteed accurate. The compilation of listings and each individual listing are ©2019 Central Virginia Regional Multiple Listing Service, LLC. All rights reserved.
All MLS listings are © 2019 Central Virginia Regional Multiple Listing Service, LLC. All
