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3080 8th St

Marion IA 52302

7
3360 sq. ft.
0.18 ac.
Multi-Family
Currently for sale - view listing

Overview

All units are under lease at $750/month to 7/25/27. An exceptional turn-key addition to your real estate portfolio. This fully leased, low-maintenance 4-plex in Cedar Rapids features four identical 2-bedroom, 1-bathroom units with a strong rental history. Over the last five years, the property has undergone extensive capital improvements, including new luxury vinyl plank (LVP) flooring across all units (fully upgraded in 1 unit; kitchens and baths in the remaining 3) and completely modernized heating and hot water boiler systems. Savvy investors will recognize immediate upside, as current rents sit noticeably below market rates. In a high-demand, low-inventory market, a stabilized asset of this caliber won't last long. Contact the listing agent today to capture this premier value-add opportunity.

Features

7 carspaces
3360 sq. ft. floor area
0.18 ac. lot size
Multi-Family

Property history for 3080 8th St

2018
Sold
$150,000
11 May 2018 by Carl Foster, of Iowa Realty

Happy sellers in Marion

89%
89% 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 9 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 3080 8th St, have been sold.

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

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(619) 566-0008
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