Sold

535 8th Ave, Marion, IA 52302

Sqft
1,600

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

Listed byKeller Williams Legacy Group
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Overview

Investor opportunity in Marion! This well-maintained up/down duplex offers immediate income potential with a 2BR/1BA lower unit and 1BR/1BA upper unit, both occupied by long-term tenants. A recent rental permit inspection was completed this past week, ensuring a smooth and compliant transition for the next owner. Most utilities are separately metered and paid by tenants, supporting simplified expense management.

Recent exterior improvements include a newer roof (post-deracho repair), fresh scraping and paint, and a newly improved gravel driveway with off-street parking in the rear. Shared furnace is functional with heat controlled by the lower unit. Tenants also handle snow and lawn care, reducing owner responsibilities.

Conveniently located near all that Marion has to offer, this is a solid, low-maintenance addition to any rental portfolio with stable occupancy and operational ease.

Location

Full feature list

Basic info

Property type
Multi-family
Square feet
1,600
Lot size (acres)
0.17
Year built
1900

Interior features

Laundry
In Unit

Exterior features

Horse amenities
Stable

Utilities

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

Taxes

Tax Annual Amount
$2,077

Public schools

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Disclaimer: Certain information displayed on this listing has been derived from parties other than Final Offer, LLC. Information provided and their sources have been deemed reliable, but accuracy of information is not guaranteed and therefore should be independently verified.

Sourced from: Cedar Rapids Area Association of REALTORS MLS®#: 2601194 Last checked:

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