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733 5th Ave - 731 - 733 5th Ave 2 Unit Apartment Building Offered at $190,000 at a 6.62% 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
Data Room Click Here to Access
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 Under Contract
| Price | $190,000 | Lot Size | 0.12 AC |
| Price Per Unit | $95,000 | Building Size | 2,479 SF |
| Sale Type | Investment | Average Occupancy | 100% |
| Cap Rate | 6.62% | No. Stories | 3 |
| No. Units | 2 | Year Built | 1920 |
| Property Type |
| Price | $190,000 |
| Price Per Unit | $95,000 |
| Sale Type | Investment |
| Cap Rate | 6.62% |
| 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
Moderately walkable
60/100
Moderately drivable
70/100
Limited public transit
30/100
Moderately bikeable
70/100
Property Taxes
| Parcel Number | 14011-78002-00000 | Improvements Assessment | $163,000 (2025) |
| Land Assessment | $12,600 (2025) | Total Assessment | $175,600 (2025) |
Property Taxes
Parcel Number
14011-78002-00000
Land Assessment
$12,600 (2025)
Improvements Assessment
$163,000 (2025)
Total Assessment
$175,600 (2025)
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Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
1 of 1
Presented by
Heartland Investment Partners
733 5th Ave - 731 - 733 5th Ave
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