105 Ludland Dr, Manchester, IA

Name: 105 Ludland Dr, For Sale in Manchester - Zoocasa
Brand: EPM, Iowa
SKU: 20264271
Price: 560000 USD

Condo

For Sale

Listed price in listed location currency (USD).

$560,000

0010

MLS® 20264271

Overview

Key Facts

Type Apartment

Levels Residential Income

Size 1528 sqft

Garage

Maintenance Fees

Taxes $4,690

Days Active 1

Approx. Age 1980

Avg. Price Per Sqft $366

MLS® Number 20264271

Property Address: 105 Ludland Dr, Manchester, IA, 52057-1155

Average square foot calculated using Size range provided by listing agent.

Description

Add a proven, low-maintenance multifamily asset to your portfolio with these two well-maintained four-unit apartment buildings in Manchester. The eight-unit property was completely renovated in 2021 and has maintained full occupancy throughout the current owner’s management—demonstrating consistent demand and dependable income potential. The renovated two-bedroom apartments feature updated flooring, paint, kitchen cabinets, appliances, furnaces, and central air conditioning. Each resident pays their own water, electricity, and gas, significantly limiting the owner’s utility exposure. Landlord responsibilities are streamlined to lawn care, snow removal, common-area cleaning, trash service, and a house electric meter. Investment highlights include: - Eight apartments across two four-unit buildings - Strong occupancy history under current management - Comprehensive renovation completed in 2021/2022 - Individually paid resident utilities: water, electricity, and gas - Low ongoing maintenance and operating demands - Updated interiors, mechanical systems, and central air conditioning - Established rental location in Manchester, the Delaware County seat This is an appealing opportunity for an investor seeking a stabilized multifamily property without the immediate renovation burden commonly associated with older apartment assets. With updated units, controlled owner-paid expenses, an excellent occupancy record, and efficient operating requirements, 105 and 109 Ludland Drive offer the fundamentals investors look for in a dependable eight-unit acquisition. If you have been searching for a solid, well-cared-for apartment investment with a demonstrated rental history, this property deserves a closer look.

MLS® Number20264271

Locker

Ensuite Laundry

Balcony

Furnished

Laundry Level

Exposure

Exterior

Garage

Approx. Age1980

Stories

Pets

Included in Maintenance Fee

Heat

Hydro

Water

Building Insurance

Condo Taxes

Cable TV

Central Air

Parking Maintenance

Utilities

HeatForced Air

A/CCentral Air

Extras

Map

Like what you see?

Complete the form and we'll be in touch. No login necessary.

Add a Comment

I want to view this property

Yes, I'd like to receive free weekly market insights and buying and selling tips. Unsubscribe at any time.

By pressing "Take a Tour", I confirm that I have read and agree to the eXp Privacy Policy, and Terms of Use.

By pressing "Take a Tour", I am electronically signing and consenting to receive marketing comms about real estate brokerage and mortgage lending services, delivered via email, phone and/or text (using "automated technology" such as an automatic telephone dialing system, and/or an artificial or prerecorded voice), from eXp Realty® and its independent contractor real estate professionals and their affiliate SUCCESS® Lending using the contact information I provided. Your consent is not a condition of purchase and you may revoke it at any time by replying "STOP" to any texts. Text HELP for more info. Message and data rates may apply. You may also contact us directly at 1-844-683-4664.

Similar Listings

Comparable Properties

The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA.

eXp Realty holds real estate brokerage licenses in multiple states. Zoocasa (Canada), Inc. holds real estate brokerage licenses in multiple provinces. For information on licenses please contact us at [email protected]

For listings in Canada, the trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by CREA and identify the quality of services provided by real estate professionals who are members of CREA. Used under license.

MLS® Compliance Statements
Tony King – Designated Managing Broker, Broker Operations – TX.
Texas Real Estate Commission information about brokerage services
Texas Real Estate Commission Consumer Protection Notice

eXp Realty® is committed to adhering to the guidelines of The New York State Fair Housing Regulations. The Fair Housing Notice→

*Standardized Operating Procedure for Purchasers of Real Estate Pursuant to Real Property Law 442-H. Learn More→

eXp Realty of California, Inc. | CA DRE# 01878277 | Deborah Penny – Designated Broker
eXp Realty of Southern California, Inc. | CA DRE# 02187306 | Gina Saad – Designated Broker
eXp Realty of Greater Los Angeles, Inc. | CA DRE# 02188471 | Anita Cruz – Designated Broker
eXp Realty of Northern California, Inc. | CA DRE# 01951343 | Ryan Rosas Penny – Designated Broker
Fair Housing and Reasonable Accommodations
DMCA Notice

2026 AODA Compliance Report
Feedback can be submitted through our standard communication channels such as our internal chat platform, email, phone etc., and accommodations are available upon request. Zoocasa reviews all feedback received, acknowledges concerns, and works to respond in a timely manner. Feedback is assessed and addressed appropriately to support continuous improvement of our services and accessibility practices.