Eight-Unit Apartment
New
For Sale
$560,000
105 Ludland Drive, Manchester, IA 52057
Renovated multifamily asset with updated two-bedroom units, individually metered resident utilities, and paved on-site parking.
Property Size6,112 SF
Price / SF$91.62
Days on Market2
Property Features for 105 Ludland Drive
General Information
Standard status
Active
Size
6,112 SF
Property subtype
Multi-Family
Zoning
R-2
Occupancy
100%
Lease Term
Other
Additional Details
Multifamily Units
8
Taxes and HOA fees
Annual Taxes
$4,690
Amenities
central air conditioning
Concrete
1528
Public
160x115
0.42
Parking Pad,Parking Space,Paved,None
Paved Road
Building Details
Year Built
1980
Year Renovated
2022
Buildings
2
Listing Agency:
SATTLER REALTY
(319) 393-0900
Listed By:
Ali Rashid
(319) 333-2886
Source:
Pinnaclerealtyia
Added: Sep 6
Last Checked: Sep 7 at 6:16AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of SATTLER REALTY
Investment Insights
Based on property information with market context.
This multifamily property comprises two four-unit apartment buildings with eight total residences and 6,112 square feet of building area. The two-bedroom apartments have been renovated with refreshed flooring, paint, kitchen cabinetry, appliances, furnaces, and central air conditioning. The buildings were constructed in 1980 and occupy a 0.42-acre parcel measuring 160x115 feet.
Residents pay their own water, electricity, and gas, while ownership handles lawn care, snow removal, common-area cleaning, trash service, and the house electric meter. The property has maintained full occupancy under the current owner’s management. R-2 zoning, paved road access, and on-site paved parking support the existing apartment use in Manchester.
Residents pay their own water, electricity, and gas, while ownership handles lawn care, snow removal, common-area cleaning, trash service, and the house electric meter. The property has maintained full occupancy under the current owner’s management. R-2 zoning, paved road access, and on-site paved parking support the existing apartment use in Manchester.
Key Highlights
- Eight apartments distributed across two four‑unit buildings
- 6,112 SF multifamily property on a 0.42‑acre parcel
- Renovated two‑bedroom units with updated finishes, appliances, furnaces, and central air conditioning
Property Analytics
Property Profile
Current Use
Lease Details
8
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
71
Businesses Nearby
Explore this area
Business Placement
Demographics for 52057, IA
8,064
Population
4,049
Households
2
Avg Household Size
45
Median Age
23%
College-Educated
91%
High-School Grad
138.9 sq mi
ZIP Area
58
Density / Sq Mi
$71,467
Median Household Income
$40,600
Median Earnings
$737
Median Rent
$168,800
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Renovated multifamily asset with updated two-bedroom units, individually metered resident utilities, and paved on-site parking.
Where is this apartment building located?
The property is located at 105 Ludland Drive Manchester, IA.
What is the asking price?
The asking price for this property is $560,000.
What are key features of this property?
This property features: Eight apartments distributed across two four‑unit buildings; 6,112 SF multifamily property on a 0.42‑acre parcel; Renovated two‑bedroom units with updated finishes, appliances, furnaces, and central air conditioning
