50565, IA Marathon, 101 Sparta

General Description

8-Unit Property. Exterior Parking. Great Investment Opportunity. This 8-unit complex is a great investment. All 8 units are one bedroom, one bathroom. All units have a living space, kitchen/dining, full bathroom, and one bedroom. Market Rent Roll: $3,200. Actual Rent Roll: $3,200. There is a separate shared laundry space that contains a coin-operated washer and dryer. This is located in one of the buildings. This yield approximately $100/month. There is storage space in the opposite building of the laundry. Tenant pays for: Water/Sewer Electric. Pet: $20/month. Owner pays for: Electric/Water/Sewer for Common Spaces & Garbage: $200/month. Insurance: $275/month. Taxes: approx $3,401/year. Lawn/Snow Removal: $150/month. Security deposits will be included upon closing. There is ample exterior parking available for tenants.

Legal: 01-00 MARATHON CORP. & LOTS 2&3 EX E16' OF LOT 3 AUD S/D OUTLOT 2 & N107' LOT 1 OUTLOT 3