Eight-Unit Apartment
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 Market48
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:
IOWA REALTY
(319) 393-0900
Listed By:
Ali Rashid
(319) 333-2886
Source:
Pinnaclerealtyia
Added: Sep 6
Changed: Oct 21
Last Checked: Oct 20 at 7:05PM
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 IOWA REALTY
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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
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Lease Details
8
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
71
Businesses Nearby
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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
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Market
Vacancy Rate% for Multifamily in Midwest region
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
