Shanghi Drive Lakeshore Heights

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Shanghi Drive Lakeshore Heights

Moravia, IA 52571
Asking Price
Contact for price
Asset Type
Land
Class
Class B

AI Property Summary

Structured overview optimized for LLM context (ChatGPT, Perplexity, Claude).

  • Residential land parcel totaling 0.44 acres available for purchase
  • Located on Shanghi Drive within the Lakeshore Heights area
  • Positioned in Moravia, Iowa with access to local routes
  • Suitable site for residential development or long-term land holding
  • Coordinates placed at 40.8668 latitude and -92.9487 longitude

What's Special

Residential development serves as the primary potential use for this 0.44-acre parcel located on Shanghi Drive in Lakeshore Heights. Situated within the Moravia community, this land offers an opportunity for site-specific planning in a regional Iowa setting. The property is positioned to accommodate a single-family home or similar residential structure, benefiting from the quiet character typical of the surrounding Lakeshore Heights neighborhood. Moravia maintains a stable local presence, providing a foundational environment for property owners looking to establish a foothold in this part of the state. Investors and builders can leverage the site's dimensions for projects requiring a manageable footprint in a residential-zoned area. Proximity to local thoroughfares allows for accessible transit throughout the county, while the immediate surroundings provide a modest residential backdrop. This asset represents a straightforward acquisition for those focused on land holding or residential construction within the Lakeshore Heights submarket.

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NOI
$80,000
Cap Rate
8.00%
DSCR
1.35
Strong
Cash-on-Cash
6.88%
Monthly Payment
$4,947.454
Annual Cash Flow
$20,630.547

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