Sunny Ridge , Phase II

    Marion, IA 52302
    • $7,100,000
    • STATUS: Active
    • ON SITE: 15 days
    • MLS #: 1907298
    UPDATED: 37 min ago
    $7,100,000
    • 0
      BEDS
    • 3.21
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 82,564
      SQFT
    • $86
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    2018
    County:
    Area:

    School Information

    Elementary School:
    Middle School:
    High School:

    Description

    Rare Opportunity to acquire a new construction apartment development in fast growing Marion, Iowa. Sunny Ridge is a Town House style apartment complex consisting of 48 Residential Units in Phase I and 44 Residential Units in Phase II (2021 acquisition date). The combined 92 units consists of 3 floorplans; 60 units are two-bedroom/two and a half bathroom, 8 units are three-bedroom/two and a half bathrooms, and 24 units are two-bedroom/one and a half bath. Each unit has a 2-stall garage with a 2-car parking pad in front that is included in the rent. Each unit has new luxury finishes and features. Lower Operating Expenses with Separate Water and Electric Meters, as well as tenants pay for their own trash removal. Benefits of owning a new construction building with lower repairs/maintenance and lower insurance premiums.

    Monthly Payment Calculator

    © 2019 Cedar Rapids Area Association of REALTORS® Multiple Listing Service, Inc. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or The Graf Home Selling Team & Associates. Data last updated: 2019-10-16T17:42:37.03.
    www.cedarrapidsareahomes.com/homes/99467739

    Sunny Ridge , Phase II Marion, IA 52302

    • Price: $7,100,000
    • Status: Active
    • Updated: 37 min ago
    • MLS #: 1907298
    0
    Beds
    0
    Baths
    0
    ½ Baths
    3.21
    Acres
    82,564
    SQFT
    $86
    $/SQFT
    2018
    Built
    Neighborhood:
    Marion
    County:
    Linn
    Area:
    Marion
    Elementary School:
    Linn Grove
    Middle School:
    Excelsior
    High School:
    Linn Mar
    Property Description
    Rare Opportunity to acquire a new construction apartment development in fast growing Marion, Iowa. Sunny Ridge is a Town House style apartment complex consisting of 48 Residential Units in Phase I and 44 Residential Units in Phase II (2021 acquisition date). The combined 92 units consists of 3 floorplans; 60 units are two-bedroom/two and a half bathroom, 8 units are three-bedroom/two and a half bathrooms, and 24 units are two-bedroom/one and a half bath. Each unit has a 2-stall garage with a 2-car parking pad in front that is included in the rent. Each unit has new luxury finishes and features. Lower Operating Expenses with Separate Water and Electric Meters, as well as tenants pay for their own trash removal. Benefits of owning a new construction building with lower repairs/maintenance and lower insurance premiums.
    Exterior Features

    Construction Methods Frame Exterior Partial StoneVinyl Lot Size 3.21 Acre

    Interior Features

    Heating Cooling Electricity HeatGas Heat Number Three Bedroom Units 8 Number Two Bedroom Units 36

    Property Features

    Gross Tax 118890 Miscellaneous Deck/PatioGarageParking Spaces Net Tax 0 Possession Tenant Rts Property Sub Types 5+ Units Restricted Listing No Style St Side/Side Tenants Responsibilities Include WaterElectricityGas Terms Cash Water Sewer Roads City SewerCity Water Zoning Pud

    Listing information © 2019 Cedar Rapids Area Association of REALTORS® Multiple Listing Service.
    Listing provided courtesy of Craig Byers of Q4 Real Estate.
    © 2019 Cedar Rapids Area Association of REALTORS® Multiple Listing Service, Inc. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or The Graf Home Selling Team & Associates. Data last updated: 2019-10-16T17:42:37.03.
     
    The Graf Home Selling Team & Associates
    1190 Twixt Town Rd NE
    Cedar Rapids IA, 52402