535 8th Ave, Marion, IA 52302

$154,900
1,600
SqFt

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List Price
$154,900
Price Change
▼ $5,000 1777259306
MLS#
2601194
Status
ACTIVE
County
Linn
City
Marion
Living Area
1,600
Acres
0.17

Property Description

Investor opportunity with major improvements completed! This well-maintained Marion up/down duplex features a 2BR/1BA lower unit and 1BR/1BA upper unit, both occupied by established month-to-month tenants. Recent improvements include a repaired/re-supported main structural support, updated deck stairs and rear handrail, secured A/C electrical box, newer roof, and a new sewer line scheduled for installation. The property has also passed its recent rental permit inspection. Most utilities are separately metered and tenant-paid, with tenants also handling lawn and snow care. Shared furnace is controlled by the lower unit. Conveniently located near downtown Marion, this income-producing property offers immediate rental income with future value-add potential for its next owner.

Additional Information

Days on Market
202
Year Built
1900
Cooling
Central Air
Heating
Forced Air, Natural Gas, Hot Water
Parking Spaces
3
Elementary School
Longfellow
Middle School
Vernon
High School
Marion

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Calculator source: Real Geeks

Listing courtesy of Keller Williams Legacy Group.