431 5TH Avenue South #17 Active Save Request In-Person Tour Request Virtual Tour
Clinton,IA 52732
Key Details
Property Type Single Family Home
Sub Type Residential Income
Listing Status Active
Purchase Type For Sale
Square Footage 7,687 sqft
Price per Sqft $83
Subdivision Clinton
MLS Listing ID QC4255612
Maintenance Fees $21,240
Year Built 1916
Annual Tax Amount $9,751
Tax Year 2023
Property Sub-Type Residential Income
Property Description
An investment opportunity with 9 of the 17 units currently leased. The apartments are in nice condition and are ready to provide nice ROI for the owner. Many updates and improvements to this property since 2022: - Fire escape - Electrical outlets - Arc fault breakers - Electric service - Water lines - Flooring - All units recently painted - Baseboard heating - Appliances - Updated building exterior - Updated common area fire detection system - Units 1 - 5 completely refinished Landlord pays water, sewer and a trash dumpster for the entire property. Unit 1 has a gas furnace the landlord pays for and an electric heater the tenant pays for. A proforma showing financials when property is fully leased is available by request. Copy of recent property appraisal report is available by request
Location
State IA
County Clinton
Area Qcara Area
Interior
Heating Electric,Natural Gas,Window Unit(s)
Exterior
View true
Roof Type Rubber,Shingle
Building
Lot Description Level
Water Public Sewer,Public
Structure Type Brick
New Construction false
Schools
High Schools Clinton High