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1080 9th Avenue

Marion IA 52302

4
Multi-Family
Currently for sale - view listing

Overview

Rare opportunity describes this investment property located just two blocks North of Marion’s City Square and thriving downtown. Fully occupied, this property has a large commercial space and storefront on the main floor and three residential units on the top floor. The lower level includes on-site laundry, storage, and a half bath. The main floor commercial space currently houses Janna McCalley Interiors and has been almost entirely renovated into a stunning design studio and store. The second floor includes two, one bedroom, one bath units and a studio apartment. Rents are currently set at $750 per month each for the one bedroom units; $500 for the studio apartment; and $1,334 per month for the main floor commercial space. On-site laundry generates some additional income. The lower-level secure storage room is an opportunity for additional income as well and has been rented in the past. Parking is currently included in the rent. This building has been quite well-maintained and improved by the current owners. More information available upon request.

Features

4 carspaces
Multi-Family

Property history for 1080 9th Avenue

2021
Sold
$310,000
14 Sep 2021 by Larry Stevenson, of COLDWELL BANKER HEDGES

Happy sellers in Marion

60%
60% of sellers in Marion reported that their sale price either exceeded or met their price expectations.

Marion stands out for consistently delivering exceptional satisfaction and strong market results for homeowners.

This is based on voluntary sentiment collected from 7 reviews in Marion over the last 12 months.

Local market activity for multi families in Marion

In the last 12 months, 8 multi families similar to 1080 9th Avenue, have been sold.

This represents a 23% increase in multi families sales when compared to the previous 12 months.

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(619) 566-0008
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