535 8th AVE, Marion, IA 52302
535 8th AVE, Marion, IA 52302
535 8th AVE, Marion, IA 52302
28
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$154,900
Est. payment /mo
1,600 SqFt
Active

535 8th AVE Marion, IA 52302

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Key Details

Property Type Multi-Family

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

Square Footage 1,600 sqft

Price per Sqft $96

MLS Listing ID 2601194

HOA Y/N No

Total Fin. Sqft 1600

Year Built 1900

Annual Tax Amount $2,077

Lot Size 7,492 Sqft

Acres 0.172

Property Sub-Type Multi Family

Property Description

Investor opportunity with major improvements completed! This well-maintained Marion up/down duplex features a 2BR/1BA lower unit and 1BR/1BA upper unit, both occupied by established month-to-month tenants. Recent improvements include a repaired/re-supported main structural support, updated deck stairs and rear handrail, secured A/C electrical box, newer roof, and a new sewer line scheduled for installation. The property has also passed its recent rental permit inspection. Most utilities are separately metered and tenant-paid, with tenants also handling lawn and snow care. Shared furnace is controlled by the lower unit. Conveniently located near downtown Marion, this income-producing property offers immediate rental income with future value-add potential for its next owner.

Location

State IA

County Linn

Area Marion

Zoning Com/Res

Rooms

Other Rooms Shed(s)

Interior

Interior Features InteriorFeatures

Heating Forced Air, Gas, Hot Water

Cooling Central Air

Fireplace No

Laundry In Unit

Exterior

Parking Features Parking Space(s)

Utilities Available Separate Meters

Water Access Desc Public

Total Parking Spaces 3

Building

Foundation Block

Sewer Public Sewer

Water Public

Additional Building Shed(s)

Structure Type Frame,Wood Siding

Schools

Elementary Schools Longfellow

Middle Schools Vernon

High Schools Marion

Others

Pets Allowed Yes

Tax ID 14-01-1-31-006-0-0000

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Pets Allowed Yes

Virtual Tour https://www.propertypanorama.com/instaview/cdr/2601194


Listed by Keller Williams Legacy Group

NEARBY SCHOOL & BUSINESS

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Brenda Conyn

Brenda Conyn

Agent License ID: 63503000

+1(515) 297-4663

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535 8th AVE