42.0671997070312 -91.5782012939453

Sunny Ridge #Phase I Marion, IA 52302

251849458 42.0671997070312 -91.5782012939453 2181 False 0 8595000.0000 92784 105 1907297 False
  • $8,595,000
  • 92,784 sqft
  • 2.92 Acre lot
  • Est payment $46139.82/mo

Property & Neighborhood Info

Courtesy Of Q4 Real Estate

Multi-Family in Marion

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 (January 2020 acquisition date) and 44 Residential Units in Phase II (January 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.

Courtesy Of Q4 Real Estate
  1. 92,784 Sq. Ft.
  2. 2.92 Acre Lot

Main Features

  • Listing Status: Off Market
  • Year Built: 2017
  • School District: Linn Grove
  • School District2: Excelsior
  • School District3: Linn Mar
  • County: Linn
  • Zoning: PUD
  • MLS Number:1907297

Additional Features

  • Construction:
    • Frame
  • Exterior:
    • Partial Stone
    • Vinyl
  • Heating/Cooling:
    • Electricity Heat
    • Gas Heat
  • Miscellaneous:
    • Deck/Patio
    • Garage
    • Parking Spaces
  • Tenant Pays:
    • Electricity
    • Gas
    • Water
  • Terms:
    • Cash
  • Co Listing Office ID:
    • CPRE
  • Current Price:
    • 8595000.00
  • Gross Taxes:
    • 43471
  • Legal Description:
    • Sunny Ridge Villa's 1st
  • Office Co List Name:
    • Q4 Real Estate
  • Parcel Number:
    • 103315201700000
  • Possession:
    • Tenant Rts
  • Total Acres:
    • 2.9200
  • Unit 2 Bed Total Units:
    • 48
  • Unit Count:
    • 48
  • Unit Number:
    • Phase I
Neighborhood info courtesy of Homes.com © 2019

What's My Mortgage?

$38,769.95*
*Estimated monthly payment is a starting point to help assist you with your home search. To find out more about mortgage pre-qualification, click here.
Mottinger Real Estate Group
Mottinger Real Estate Group
(319) 624-6027
719 Market Street P.O. Box 367 Solon IA 52333
no name available Mottinger Real Estate Group
42.0671997070312 -91.5782012939453

Sunny Ridge #Phase I Marion, IA 52302

251849458 42.0671997070312 -91.5782012939453 2181 False 0 8595000.0000 92784 105 1907297 False
  • $8,595,000
  • 92,784 sqft
  • 2.92 Acre lot
  • Est payment $46139.82/mo
Mottinger Real Estate Group
Mottinger Real Estate Group
(319) 624-6027
719 Market Street P.O. Box 367 Solon IA 52333
no name available Mottinger Real Estate Group