990 Grand Ave Marion, IA 52302

This exceptional investment opportunity presents an eight-unit apartment building located at 990 Grand Ave, Marion, IA 52302. The property boasts a total net rentable area of 3,776 square feet, situated on a sizable 10,550 square foot lot. Constructed in 1976, this two-story building is currently 100% occupied, generating a substantial net operating income (NOI) of $25,970, representing a compelling 7.32% capitalization rate. The asking price is $355,000, translating to an attractive price per unit of $44,375. Each of the eight studio units is currently leased. Tenants are responsible for their own heat and electricity, while the landlord covers common area lights, water, and hot water. The property is in excellent condition, both inside and out, having undergone recent upgrades. Detailed financial statements and rent rolls are available upon request to qualified buyers. This is a turnkey investment ready to generate immediate income. The property's strong occupancy rate, positive cash flow, and desirable location in Linn County make it an ideal addition to any investment portfolio.