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Listed by Dennis Lauverof Coldwell Banker Howes & Jefferies REALTORS
$ 645,000
Est. payment /mo
Active
431 5TH S Avenue #17 Clinton, IA 52732
7,687 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Multi Family 5+
Listing Status Active
Purchase Type For Sale
Square Footage 7,687 sqft
Price per Sqft $83
MLS Listing ID QC4255612
Year Built 1916
Annual Tax Amount $9,751
Lot Dimensions 120 x 140
Property Sub-Type Multi Family 5+
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
Interior
Cooling Window Unit(s)
Fireplace N
Exterior
View Y/N true
Building
Structure Type Brick
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