About This Home
This 8-bedroom, 0-bathroom residential multi family at 3080 8th St in Marion, IA is listed for $325,000 ($97 per sqft). Built in 1979, the home offers 3,360 sqft of living space on a 0.18 acres lot.
Key Features
- Built in 1979
- 0.18 acre lot
- 7 parking spaces
Property Details
Amenities
All units are under lease at $750/month to 7/25/27. An exceptional turn-key addition to your real estate portfolio. This fully leased, low-maintenance 4-plex in Cedar Rapids features four identical 2-bedroom, 1-bathroom units with a strong rental history.
Over the last five years, the property has undergone extensive capital improvements, including new luxury vinyl plank (LVP) flooring across all units (fully upgraded in 1 unit; kitchens and baths in the remaining 3) and completely modernized heating and hot water boiler systems.
Savvy investors will recognize immediate upside, as current rents sit noticeably below market rates. In a high-demand, low-inventory market, a stabilized asset of this caliber won't last long. Contact the listing agent today to capture this premier value-add opportunity.
Monthly Cost Estimate
$1,738/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
3080 8th St
Marion, IA 52302
Property Details
Construction
Questions & Answers
This 8-bedroom, 0-bathroom residential multi family at 3080 8th St is listed at $325,000 ($97/sqft). The estimated monthly payment is $1,738 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.
Key features include: Built in 1979, 0.18 acre lot, 7 parking spaces.
This property is listed by Steve Mcvay and can be reached at (319) 395-0101.