Up-and-down duplex in Marion, situated between the bypass and downtown. The lower unit is a 1-bedroom occupied by a long-term resident paying $600 per month plus electric and gas. The upper unit is a 2-bedroom that will need light turnover work before leasing. Electric and gas are separately metered, while the owner has been covering water, sewer, and trash, offering the opportunity to bill these utilities back with new leases. Additional features include a partial basement, backyard, and a detached garage. With ongoing investment activity throughout downtown Marion, this property presents a practical BRRRR-style opportunity with immediate income and clear value-add potential.
Tenant pays Gas, Electric and the owner pays for the water. Each unit has 2 levels.
Marion is located in Indiana. Marion, Indiana has a population of 27,757. Marion is less family-centric than the surrounding county with 19.63% of the households containing married families with children. The county average for households married with children is 26.04%.
The median household income in Marion, Indiana is $37,835. The median household income for the surrounding county is $50,009 compared to the national median of $69,021. The median age of people living in Marion is 36.6 years.
The average high temperature in July is 84.3 degrees, with an average low temperature in January of 17.5 degrees. The average rainfall is approximately 40.6 inches per year, with 26.8 inches of snow per year.
