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2120 4th Ave 4 Unit Apartment Building $260,000 ($65,000/Unit) 5.79% Cap Rate Marion, IA 52302
Executive Summary
- Owner Pays Water & Water Softener
- 100% Occupied
- Laundry Owned
- 1 Long Term Tenant
- Realistic Room for Rent Growth
- New Siding in 2022
- New Roof in 2023
- 100% Occupied
- Laundry Owned
- 1 Long Term Tenant
- Realistic Room for Rent Growth
- New Siding in 2022
- New Roof in 2023
Property Facts Under Contract
| Price | $260,000 | Apartment Style | Low-Rise |
| Price Per Unit | $65,000 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.20 AC |
| Cap Rate | 5.79% | Building Size | 1,512 SF |
| No. Units | 4 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1976 |
| Property Subtype | Apartment |
| Price | $260,000 |
| Price Per Unit | $65,000 |
| Sale Type | Investment |
| Cap Rate | 5.79% |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.20 AC |
| Building Size | 1,512 SF |
| No. Stories | 2 |
| Year Built | 1976 |
Amenities
Unit Amenities
- Air Conditioning
- Microwave
- Heating
- Refrigerator
- Tub/Shower
Site Amenities
- 24 Hour Access
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 4 | - | - |
1 1
Fairly walkable
50/100
Very drivable
80/100
Limited public transit
30/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 15062-76008-00000 | Improvements Assessment | $192,200 |
| Land Assessment | $28,200 | Total Assessment | $220,400 |
Property Taxes
Parcel Number
15062-76008-00000
Land Assessment
$28,200
Improvements Assessment
$192,200
Total Assessment
$220,400
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Presented by
Heartland Investment Partners
2120 4th Ave
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