NOT LISTED FOR SALE

901 18th St Marion, IA 52302

-- Bed
-- Bath
7,206 Sq Ft
0.3 Acres

Last Sold October 10, 2024

Last sale price $630,000 $87 Per Sq Ft

13 Days on Market

Highlights

  • Deck
  • No HOA
  • Patio
  • Marion High School Rated A-
  • Cooling System Mounted To A Wall/Window
  • Heating System Uses Gas

About This Home

As of October 2024

Very well taken care of 8-Plex. Each unit is 2 Bedrooms, 1 Bath, over 800 Square feet. Each unit comes with a garage. Shared coin laundry in building. Fully occupied with room for rents to improve. 24 hour notice and pre-approval required for showings. Professional management in place. Contact listing agent for showings.

Last Agent to Sell the Property

Bryant Nicholson

Affinity Real Estate Services Listed on: 08/28/2024

Affinity Real Estate Services

Co-Listed By

Doug Mcallister

Pinnacle Realty LLC

Last Buyer's Agent

Rachel Sutton

RE/MAX CONCEPTS

RE/MAX CONCEPTS

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,437

Year Built

  • Built in 1973

Lot Details

  • 0.3 Acre Lot

Home Design

  • 7,206 Sq Ft Home
  • Frame Construction
  • Stone

Outdoor Features

  • Deck
  • Patio

Schools

  • Wilkins Elementary School
  • Vernon Middle School
  • Marion High School

Utilities

  • Cooling System Mounted To A Wall/Window
  • Heating System Uses Gas

Listing and Financial Details

  • Tenant pays for electricity
  • The owner pays for gas, water
  • Assessor Parcel Number 15062-02007-00000

Community Details

Overview

  • No Home Owners Association
  • 8 Units

Pet Policy

  • Pets Allowed

Building Details

  • Operating Expense $33,698
  • Gross Income $69,360
  • Net Operating Income $33,581

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,437

Year Built

Built in 1973

Lot Details

0.3 Acres

Listing Details

  • Property Type: Residential
  • Zoning: Resident
  • Property Sub-Type: Multi Family
  • ResoLaundryFeatures: Common Area
  • Lot Size Acres: 0.303
  • Reso Pets Allowed: Yes
  • Co List Office Mls Id: CPINN
  • Co List Office Phone: 319-393-0900
  • Co List Office Phone: 319-393-0900
  • MLS Status: Closed
  • Directions: Marion to 18th Street
  • Year Built: 1973
  • Property Sub Type Additional: Multi Family
  • Special Features: VirtualTour
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: See Remarks

Exterior Features

  • Construction Type: Frame, Stone
  • Patio And Porch Features: Deck, Patio

Garage/Parking

  • Parking Features: Parking Space(s)

Utilities

  • Utilities: Separate Meters
  • Sewer: Public Sewer
  • Cooling: Wall/Window Unit(s)
  • Cooling Y N: Yes
  • Heating: Gas
  • HeatingYN: Yes
  • Water Source: Public

Condo/Co-op/Association

  • Association: No

Schools

  • Elementary School: Wilkins
  • High School: Marion
  • Middle Or Junior School: Vernon

Lot Info

  • Lot Dimensions: 13200
  • ResoLotSizeUnits: Acres
  • Parcel Number: 15062-02007-00000
  • Zoning Description: Resident
  • ResoLotSizeUnits: Acres

Rental Info

  • Owner Pays: Gas, Water

Multi Family

  • Gross Income: 69360.0
  • Net Operating Income: 33581.0
  • Number Of Units Total: 8
  • Annual Operating Expense: 33698.0
  • Tenant Pays: Electricity

Tax Info

  • Tax Annual Amount: 9437.0
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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 List to Sale Price per Sq Ft
10/10/2024 10/10/24 Sold $630,000 -3.1% $87 / Sq Ft
09/10/2024 09/10/24 Pending -- -- --
08/28/2024 08/28/24 For Sale $650,000 -- $90 / Sq Ft
Source: Cedar Rapids Area Association of REALTORS®

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $9,070 $595,100 $42,900 $552,200
2024 $9,070 $542,800 $42,900 $499,900
2023 $9,070 $504,900 $42,900 $462,000
2022 $10,320 $407,600 $33,000 $374,600
2021 $9,820 $407,600 $33,000 $374,600
2020 $9,820 $363,000 $33,000 $330,000
2019 $10,396 $333,700 $33,000 $300,700
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Cedar Rapids Area Association of REALTORS®

MLS Number: 2405972

Cedar Rapids Area Association of REALTORS®
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