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    Residential income homes

    3126 Magnolia Ln, Burlington, IA 52601

    3,000 SF 0.21 ac lot Built 2018
    Property ID
    Property summary
    AI-generated overview

    This exceptional single-family condominium unit in Burlington, IA, presents a unique opportunity to create your dream home. Boasting over 3,000 square feet of living space spread across two unfinished levels, this property offers unparalleled customization. The main level features a deck overlooking the Burlington Golf Club green and an extended two-car attached garage. The lower level includes a zero-step walkout patio, providing convenient access to the outdoors. High-quality features include ProVia Endure double-hung windows, ProVia entry doors, a woodgrain garage door with windows and opener, and a sizable 16' x 10' deck. Exterior highlights include durable masonry, 30-year architectural shingles, and 20-year Heartland vinyl siding and trim. The lower level is framed for a half-bath and a 14' x 14' bedroom with closet, leaving ample space for additional rooms or a recreation area. This condo offers a maintenance-free lifestyle within a small, close-knit community, complete with fire sprinklers on both levels. A choice of 3 or 10-year tax abatement is available. The 0.21-acre lot and 2018 construction ensure a modern and efficient living space. Priced at $290,000, this is an exceptional opportunity to build your ideal home in a desirable location. The property is a cold shell, allowing complete design freedom for the interior layout, flooring, cabinetry, paint, and fixtures.

    Property profile
    Verified
    Property type Residential income homes
    Year built 2018
    Total area 3,000 SF
    Lot 0.21 ac (9,278 SF)
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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