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4871 Tama St 4 Unit Apartment Building Offered at $285,000 at a 6.93% Cap Rate Marion, IA 52302
Investment Highlights
- Exceptionally Well-Maintained Asset
- TUrnkey Investment With Pride Of Ownership Throughout
- Strong In-Place Rents Averaging Nearly $800/Unit
Executive Summary
Exceptionally well-maintained 4-unit property with strong in-place rents averaging just under $800 per unit. This is easily one of the highest quality assets of its vintage that we have toured, with pride of ownership evident throughout the entire property. The building has been carefully maintained over time and presents extremely well both inside and out.
Investors will appreciate the turnkey nature of the opportunity, strong tenant appeal, and operational simplicity that smaller multifamily assets rarely offer at this level of condition. Opportunities to acquire a 4plex of this vintage in such clean, well-kept condition are becoming increasingly difficult to find in today’s market.
Investors will appreciate the turnkey nature of the opportunity, strong tenant appeal, and operational simplicity that smaller multifamily assets rarely offer at this level of condition. Opportunities to acquire a 4plex of this vintage in such clean, well-kept condition are becoming increasingly difficult to find in today’s market.
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Property Facts
| Price | $285,000 | Property Type | |
| Price Per Unit | $71,250 | Building Size | 3,720 SF |
| Sale Type | Investment | Average Occupancy | 100% |
| Cap Rate | 6.93% | No. Stories | 2 |
| No. Units | 4 | Year Built | 1979 |
| Price | $285,000 |
| Price Per Unit | $71,250 |
| Sale Type | Investment |
| Cap Rate | 6.93% |
| No. Units | 4 |
| Property Type | |
| Building Size | 3,720 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1979 |
Amenities
Site Amenities
- Laundry Facilities
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 4 | $800.00 | - |
1 1
Fairly walkable
40/100
Exceptionally drivable
100/100
Limited public transit
20/100
Fairly bikeable
40/100
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Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
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Presented by
Heartland Investment Partners
4871 Tama St
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