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733 5th Ave - 731 - 733 5th Ave 2 Unit Apartment Building Offered at $199,000 at a 6.32% Cap Rate Marion, IA 52302
INVESTMENT HIGHLIGHTS
- Garage
EXECUTIVE SUMMARY
- Tenants pay all utilities
- Rent: $1,100 & $1,235
- Electrical panels updated
- Roof redone in 2020
- Large bedroom units
- Large extra closet room
- One Kitchen updated
- Large front porch
- Rent: $1,100 & $1,235
- Electrical panels updated
- Roof redone in 2020
- Large bedroom units
- Large extra closet room
- One Kitchen updated
- Large front porch
FINANCIAL SUMMARY (ACTUAL - 2024) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$26,619
|
$10.74
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$26,619
|
$10.74
|
| Net Operating Income |
-
|
-
|
FINANCIAL SUMMARY (ACTUAL - 2024)
| Gross Rental Income | |
|---|---|
| Annual | $26,619 |
| Annual Per SF | $10.74 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $26,619 |
| Annual Per SF | $10.74 |
| Net Operating Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
PROPERTY FACTS
| Price | $199,000 | Lot Size | 0.12 AC |
| Price Per Unit | $99,500 | Building Size | 2,479 SF |
| Sale Type | Investment | Average Occupancy | 100% |
| Cap Rate | 6.32% | No. Stories | 3 |
| No. Units | 2 | Year Built | 1920 |
| Property Type |
| Price | $199,000 |
| Price Per Unit | $99,500 |
| Sale Type | Investment |
| Cap Rate | 6.32% |
| No. Units | 2 |
| Property Type | |
| Lot Size | 0.12 AC |
| Building Size | 2,479 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built | 1920 |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 3+2 | 2 | - | - |
1 1
Walk Score®
Very Walkable (85)
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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
733 5th Ave - 731 - 733 5th Ave
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