535 8th Avenue
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.
Broker Details
Legacy Group REALTORS (DBA Keller Williams Legacy Group) (319) 423-4139
MLS ID: C28730
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | 2-4 Units |
| Price: | $154,900 |
| No. of Units: | 2 |
| Year Built: | 1900 |
| Lot Size: | 1,600.00 Sq ft |
| Opportunity Zone: | No |
| Price per unit: | $77,450 |
| Property Website | Click Here |
| Number of Bedrooms: | 3 |
| Number of Bathrooms: | 0 |
ID: 3yd-CRAARIA-2601194
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