2120 4Th Ave Marion, IA 52302
- Residential income homes
Current Use by Public Records
- Residential income homes
Property Details for 2120 4Th Ave
- Property type
- Residential income homes
Description
This exceptional investment opportunity presents a portfolio of seven buildings encompassing eleven rental units, ideally suited for a 1031 exchange. The portfolio comprises a mix of single-family and multifamily properties strategically located in Marion and Cedar Rapids, Iowa, within Linn County. The properties offer a current Net Operating Income (NOI) of $71,258, translating to a 7.35% capitalization rate. Pro forma projections indicate a potential NOI of $77,641, resulting in an 8.01% capitalization rate, showcasing significant upside potential. The asking price for this entire portfolio is $969,000. All eleven units must be purchased together. This Class C property presents a compelling investment opportunity due to its strong cash flow and potential for increased profitability. The portfolio's diverse locations within established communities offer stability and growth prospects. Detailed financial statements and property-specific information are available upon request. This is a turnkey investment ready for immediate income generation. The properties are located at: 2120 4th Ave, Marion, IA 52302
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Marion
- County
- Linn
- State
- Iowa
- Longitude
- -91.5896259
- Latitude
- 42.0309316
