Calling all investors! This delightful 1.5-story bungalow in the heart of historic Spirit Lake, Iowa, offers an incredible investment opportunity. Priced at $184,000, the property not only cash flows but also includes a dependable long-term tenant eager to continue their lease, ensuring immediate rental income for its new owner. The home features 2 bedrooms, 2 bathrooms, and plenty of character with its original hardwood floors, creating a warm and inviting atmosphere. The updated kitchen is both functional and stylish, flowing seamlessly into the dining area, perfect for gatherings. The spacious living room provides ample room for relaxation or entertaining with a wood burning fireplace, making this property appealing to both tenants and homeowners alike. Nestled on a generous 0.2-acre fenced lot, the home offers privacy and space to enjoy outdoor living. The cozy 3 seasons front porch invites you to sit back and soak in the charm of this historic neighborhood, while the backyard features a deck and fenced in yard, ideal for barbecues, gardening, or simply unwinding. A huge, oversized two-car garage adds significant value, providing storage, potential for additional living space and convenience that tenants will appreciate. Located in Spirit Lake, this property combines historic charm, modern updates, and strong investment potential. This property is being offered in AS-IS condition.Whether you're expanding your portfolio or looking for a reliable income-generating property, this bungalow is a must-see!
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This Residential residence on 1402 Ithaca Avenue (MLS # 250051) is categorized as Residential Homes for Sale in Spirit Lake, IA. Available on Will Kretsigner, REALTOR, with the BojiHomes.com Team @ RE/MAX Lakes Realty, this Residential property is priced at $184,000. With 2 bedrooms, 1277 sqft, and 2 bathrooms, this property on 1402 Ithaca Avenue was built in 1915. Whether you're searching for recent listings in Spirit Lake or focusing on 1402 Ithaca Avenue, you'll find detailed market statistics and community insights here. For a deeper understanding of the differences between 1402 Ithaca Avenue and other properties nearby, contact RE/MAX Lakes Realty, the premier website for Iowa Great Lakes. Our team is prepared to help you explore residential options in and around Spirit Lake, IA.