Property Description

Eight-unit multifamily investment property at 101 Sparta in Marathon, Iowa. The property consists of two four-unit buildings and is currently fully occupied, with scheduled rents totaling $3,325 per month. Both buildings have new roofs, with approximately $30,000 invested in the replacement. Located within reach of Spencer, Storm Lake, Laurens, and other area communities and employers. Offered together as one eight-unit property. All units have a living space, kitchen/dining, full bathroom, and one bedroom. There is a separate shared laundry space that contains a coin-operated washer and dryer. This is located in one of the buildings. There is storage space in the opposite building of the laundry. Tenant pays for: Water, Sewer, and Electric. Owner pays for: Electric, Water, Sewer for Common Spaces & Garbage. Lawn/Snow Removal is paid for by the owner. There is ample exterior parking available for tenants.

Property Features