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535 8th Avenue

Marion IA 52302

3
1600 sq. ft.
0.17 ac.
Multi-Family
Currently for sale - view listing

Overview

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.

Features

3 carspaces
1600 sq. ft. floor area
0.17 ac. lot size
Multi-Family

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, 9 multi families similar to 535 8th Avenue, 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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