Under contract

1080 9th Ave, Marion, IA 52302

View property features, location on map, relevant school information and overview from seller's agent.

Listed bySKOGMAN REALTY
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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.

Location

Full feature list

Basic info

Property type
Multi-family
Year built
1968

Interior features

Basement
Yes, Finished
Laundry
Laundry Room

Utilities

Heating
Natural Gas, Forced Air
Cooling
Central Air
Sewer
Public Sewer
Water
Public Water

Estimated monthly costs

Electricity
$15
Insurance
$400

Taxes

Tax Annual Amount (2024)
$4,664

Public schools

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Sourced from: Iowa City Area Association of Realtors MLS®#: 202603443 Last checked:

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