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4871 Tama St 4 Unit Apartment Building $285,000 ($71,250/Unit) 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
Very 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.
Data Room Click Here to Access
Property Facts
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
Property Taxes
| Parcel Number | 14024-03011-00000 | Improvements Assessment | $237,800 |
| Land Assessment | $30,600 | Total Assessment | $268,400 |
Property Taxes
Parcel Number
14024-03011-00000
Land Assessment
$30,600
Improvements Assessment
$237,800
Total Assessment
$268,400
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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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