NOT LISTED FOR SALE

317 11th St Marion, IA 52302

-- Bed
-- Bath
2,344 Sq Ft
7,187 Sq Ft Lot

Last Sold February 15, 2023

Last sale price $167,000 $71 Per Sq Ft

1 Day on Market

About This Home

As of February 2023

Great investment property in a great location! This 5 unit building sits in a prime Marion location and already fully occupied with long term tenants. Units A and B have been recently updated. New water heaters added in 2 units, new furnace added to an upstairs unit. New electrical service to the building along with a new water line that was just added by the city. 2 stall garage currently rented for $100 per mo. Call me today for more information!

Last Agent to Sell the Property

Rossilyn Babington

Pinnacle Realty LLC Listed on: 01/13/2023

Pinnacle Realty LLC

Last Buyer's Agent

Wynn Nguyen

Pinnacle Realty LLC

Pinnacle Realty LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,577

Year Built

  • 1900

Lot Details

  • 7,187 Sq Ft Lot
  • Lot Dimensions are 60 x 120

Parking

  • 2 Parking Spaces

Home Design

  • 2,344 Sq Ft Home
  • Frame Construction

Additional Features

  • Deck
  • Heating System Uses Gas

Community Details

  • Gross Income $25,200
  • Net Operating Income $16,445

Listing and Financial Details

  • Tenant pays for electricity, gas
  • The owner pays for water

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,577

Year Built

1900

Lot Details

0

Listing Details

  • Acres: 0.1650
  • City Name: Marion
  • Gross Tax: 2577
  • List User Cell Phone: 319-804-5621
  • Miscellaneous: Common Laundry-Owned, Deck/Patio, Ten Storag
  • Net Tax: 2578
  • Noof Units Efficiency: 1
  • Noof Units One Bedroom: 4
  • Property Sub Types: 5+ Units
  • Property Type: Multi-Family
  • Ratio Close Price By List Price: 1.04375
  • Ratio Close Price By Original Li: 1.04375
  • Ratio Current Price By Sq Ft: 71.25
  • Total Sq Ft: 2344
  • Style St: Upper/Lower
  • Tenants Responsibilities Include: Electricity, Gas
  • Water Sewer Roads: City Sewer, City Water
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1900

Exterior Features

  • Construction Methods: Frame
  • Exterior: Wood

Garage/Parking

  • Number Of Parking Spaces: 2

Utilities

  • Heating Cooling: Gas Heat

Schools

  • Elementary School: Starry
  • Middle School: Vernon
  • High School: Marion

Lot Info

  • Lot Size: 60 X 120

Rental Info

  • Owner Pays: Water
  • Total Expenses: 8755

Multi Family

  • Gross Income: 25200
  • Net Operating Income: 16445.00

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/15/2023 02/15/23 Sold $167,000 +4.4% $71 / Sq Ft
01/14/2023 01/14/23 Pending -- -- --
01/13/2023 01/13/23 For Sale $160,000 +100.0% $68 / Sq Ft
04/20/2017 04/20/17 Sold $80,000 0.0% $38 / Sq Ft
03/20/2017 03/20/17 Pending -- -- --
03/10/2017 03/10/17 For Sale $80,000 -- $38 / Sq Ft
Source: Cedar Rapids Area Association of REALTORS®

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: Cedar Rapids Area Association of REALTORS®

MLS Number: 2300257

Cedar Rapids Area Association of REALTORS®