Rare opportunity describes this investment property located just two blocks North of Marionâ??s City Square and thriving downtown. Fully occupied, this property has a large commercial space and storefront on the main floor and three residential units on the top floor. The lower level includes on-site laundry, storage, and a half bath. The main floor commercial space currently houses Janna McCalley Interiors and has been almost entirely renovated into a stunning design studio and store. The second floor includes two, one bedroom, one bath units and a studio apartment. Rents are currently set at $750 per month each for the one bedroom units; $500 for the studio apartment; and $1,334 per month for the main floor commercial space. On-site laundry generates some additional income. The lower-level secure storage room is an opportunity for additional income as well and has been rented in the past. Parking is currently included in the rent. This building has been quite well-maintained and improved by the current owners. More information available upon request.
Conveniently located close to Parkview Elementary School & Thomas Park in Marion, this is a superb side-by-side two-story duplex. 350 has 2 bedrooms, 1.5 bathrooms, a 1-stall garage, & 1 gravel off-street parking spot. 350 is currently leased at $1,145/mo and will increase to $1,250/mo in July; this lease runs through May 31, 2027. 352 has 3 bedrooms, 1.5 bathrooms, a 1-stall garage, & 2 gravel off-street parking spots. 352 is currently leased month-to-month for $1,800. The property has been well-maintained; recent improvements include rock landscaping, new windows, water heater, & refrigerator in 352 & new water softener & garbage disposal in 350. This is the perfect investment opportunity!
Investor opportunity in Marion! This up/down well maintained duplex features a 2BR/1BA lower unit and 1BR/1BA upper unit with long-term tenants. Most utilities are separated for simplified management and tenants pay all utilities. Exterior improvements include a newer roof (post-derecho repair), shared driveway has new gravel as well as parking in the back and fresh scraping and paint. Shared furnace is functional with heat controlled by the lower unit. Parking available behind the property. Just a short distance from all things Marion, this is solid investment property!
Marion is located in Iowa. Marion, Iowa has a population of 41,023. Marion is more family-centric than the surrounding county with 35.99% of the households containing married families with children. The county average for households married with children is 31.95%.
The median household income in Marion, Iowa is $75,927. The median household income for the surrounding county is $70,360 compared to the national median of $69,021. The median age of people living in Marion is 39.3 years.
The average high temperature in July is 84.3 degrees, with an average low temperature in January of 11.3 degrees. The average rainfall is approximately 36.5 inches per year, with 27.2 inches of snow per year.
