1402 Ithaca Avenue, Spirit Lake, IA 51360

General Description

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!

Legal: SPIRIT LAKE BAILEY'S ADDLOT 3 BLK 9