Movoto Real Estate
Sold on 03/16/2020

103 Kathy Dr, Lancaster, VA 22503

  • $107,500

    Last sold 03/16/2020 after 132 Days

  • bed

  • bath

  • 1,536

    Sqft ($70/Sqft)

Multi-family not for sale
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About 103 Kathy Dr

Property type Multi-family
Neighborhood
Year built 2003
HOA fee $0/month
Lot size 1.24 Acre
Property description
This is a good home to live in with your family or let someone rent the next door of your duplex. If your goals include becoming financially independent, this is an investor's dream for rental income and wealth. When you purchase this duplex property for rental income potential @ $650 per side x 2 sides = $1,300 per month x 12 = $15,600 per year with low maintenance costs, insurance, and taxes. This investment should pay for itself quickly and provide a tax shelter for other income if the depreciation and deductions are still allowed for investment properties in the new tax laws. There are 2BR/1BA per side = 4BR/2BA per resident. Each side has it own heat pump, HVAC system for individually controlled, central heat, and AC. This property just 1/2 mile from the Lancaster County Public Boat Landing and pier "Greenvale Creek Landing", and near the full-service Yankee Point Marina, and Greenvale Marina. You also can buy all 8 duplexes [address are 103 (& 105), 153 (& 155), 183 (& 185), 264 (& 266) Kathy Drive] for $550,000. These properties are THE REAL INVESTMENT!!!
Listed by
Listing Agent - Jessica Cutler
Listing Office - Melrose Plantation Real Estate
Source: Central Virginia Regional MLS mls logo
MLS#1935912 • last updated 1 year ago
Movoto checked Central Virginia Regional MLS for data 3 minutes ago
Overview
Levels/Style One, Other
Type Residential Income
SubType Duplex
MLS # 1935912
SqFt 1536
Status Closed
Lot Size (Acres) 1.24
Annual Property Tax 749
Year Built 2003
Interior
Basement Crawl Space
Appliances Electric Water Heater
Exterior
Roof Composition, Shingle
Exterior Features Paved Driveway
Fencing None
Lot Desc Level
Amenities / Utilities
Sewer/ Septic Septic Tank
Water Source CommunityCoop, SharedWell
Location
Subdivision None
Elementary School Lancaster
High School Lancaster
Middle School Lancaster
APN 20J-1-17
Directions From Richmond, Take I-95N. Take Exit 75 For 64E. Take Exit 192 To US-360E. Turn Right Onto VA-3E. Turn Right Onto VA-354S. Turn Right Onto Thomas Landing Rd. Turn Right Onto Kathy Dr. House Is On The Left.
Zoning R1
Multifamily Details
Gross Income 15600
We are not permitted to show value estimates for this property.
  • Mar 2020
    Public Records
  • Mar 16, 2020 Sold
    $430,000 (+300.0%)
  • Mar 2020
    mls logo MLS # 1935912
  • Mar 16, 2020 Sold
    $107,500
  • Mar 16, 2020 Sold
    $107,500 (-23.2%)
  • Feb 2, 2020 Pending
  • Nov 5, 2019 Listed
    $140,000
  • Nov 5, 2019 Listed
    $140,000
  • Nov 2019
    mls logo MLS # 1935858
  • Nov 4, 2019 Listed
    $140,000
  • Oct 2018
    mls logo MLS # 1835363
  • Oct 5, 2018 Price Change
    $140,000 (-74.5%)
  • Oct 5, 2018 Listed
    $550,000
  • Oct 2, 2018 Listed
  • Year Property taxes Tax assessment
  • 2024
    $1,172 +54.3%
    $213,100 +76.7%
  • 2023
    $760
    $120,600
  • 103 Kathy Dr
    $107K
  • 110 - Lancaster
  • 22503
    $525K 0% y/y
  • Lancaster
    $525K -3% y/y
No chart available
Statistics calculated by Movoto

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2/10
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6/10
Source: GreatSchools.org © 2026. All rights reserved.

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