$375,000
4.0 Units
MLS: 202603443
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.
MLS #: 202603443
Price: $375,000
Year Built: 1968
Income/Yr: $0.00
Expense/Yr: $0.00
Parking: Off Street
Basement: Full, Unfinished
Total Sq Ft: 0
Electric Expense: $180.00
Gas Annually: $0.00
Maint Expense: $4,500.00
Insurance Expense: $4,800.00
Gross Tax: $4,664.00
Units: 4.0
Laundry: Laundry Room
Energy Generation:
Heat/Cooling: Natural Gas, Forced Air, Central Air
Elementary: Longfellow
Middle: Vernon
High: Marion
Information deemed reliable but not guaranteed
 | Edge Realty Group 319-351-3355 |
Listing Office: Skogman Realty Co. - Agent: Cory Rath - Information furnished by Iowa City Area Association of Realtors