703 N Market St - 703 N Market St Marion IL 62959
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703 N Market St - 703 N Market St Marion IL 62959
22 Unit Apartment Building Offered at $2,900,000 in Marion, IL 62959
Investment Highlights
- This fantastic investment opportunity features 22 fully occupied units with a low vacancy rate
- With its prime location and strong rental demand, this property is a must-see for investors
- Located just minutes from Downtown Marion
Executive Summary
This fantastic investment opportunity features 22 fully occupied units with a low vacancy rate, located just minutes from Downtown Marion. With its prime location andstrong rental demand, this property is a must-see for investors. TIF INCLUDED Please allow ample time for viewing, as all units are currently occupied! 6 units 900 sq ft w/ patio Rent for900.00 each (2 bed 1 bath no garage) 6 units 1050 sq ft w/ patio Rent for 1100.00 each (2 bed 2 bath w/ 1 car garage) 5 units 950 sq ft w/ patio Rent for 1000.00 each (2 bed 1 bath w/ 1car garage) 5 units 900 sq ft w/ patio Rent for 900.00 each (2 bed 1 bath no garage)
Financial Summary (Actual - 2023) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
-
|
-
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
-
|
-
|
| Net Operating Income |
$177,095
|
$8.45
|
Financial Summary (Actual - 2023)
| Gross Rental Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Net Operating Income | |
|---|---|
| Annual | $177,095 |
| Annual Per SF | $8.45 |
Property Facts
| Price | $2,900,000 | Property Type | Multifamily |
| Price Per Unit | $131,818 | Building Size | 20,950 SF |
| Sale Type | Investment | No. Stories | 1 |
| No. Units | 22 | Year Built | 2022 |
| Price | $2,900,000 |
| Price Per Unit | $131,818 |
| Sale Type | Investment |
| No. Units | 22 |
| Property Type | Multifamily |
| Building Size | 20,950 SF |
| No. Stories | 1 |
| Year Built | 2022 |
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Walk Score ®
Very Walkable (74)
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703 N Market St - 703 N Market St Marion IL 62959
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