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431 5TH Avenue South , #17

Clinton, IA 52732
  • $695,000
  • STATUS: Active
  • ON SITE: 211 Days
  • ID#: QC4255612
UPDATED: 32 min ago
$695,000
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1916
County:
Area:

School Information

High School:

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

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© 2025 RMLS Alliance, LLC. 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 Bryson Smith Team | Keller Williams Premier Realty. Data last updated: 2025-03-20T17:45:07.397.
www.brysonsmithteam.com/homes/153831050
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431 5TH Avenue South , #17 Clinton, IA 52732

  • Price: $695,000
  • Status: Active
  • On Site: 211 Days
  • Updated: 32 min ago
  • ID#: QC4255612
0
Beds
0
Baths
0
½ Baths
N/A
Acres
1916
Built
Neighborhood:
Clinton
County:
Clinton
Area:
Qcara Area
High School:
Clinton High
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
Exterior Features

Construction Materials Brick Parking Features Parking Pad Parking Total 11 Road Surface Type Paved Roof RubberShingle

Interior Features

Basement Unfinished Building Area Total 7687 Heating ElectricGasWindow Unit(s) Number Of Central Air Units 0 Number Of Electric Meters 18 Number Of Gas Meters 1 Number Of Heating Units 17 Number Of Water Heaters 13

Property Features

100 Year Plain No Agent Owned No Disclosed Short Sale N Financing Cash OnlyConventional Gross Income 0 Insurance Expense 8776 Lot Features Level Lot Size Dimensions 120 x 140 Manager On Site YN No Net Operating Income -70569 New Construction YN No Number Of Water Meters 4 Operating Expense 60818 Repossessed No Structure Type Two or More StoryApartment Building Tax Annual Amount 9751.28 Tax Legal Description CLINTON LOTS 14 & 15 BLK 30 Tax Year 2023 Tenant Pays Gas & Electric Trash Expense 212 Type Residential Income Water Source Public SewerPublic

Listing provided courtesy of Dennis Lauver of Coldwell Banker Howes & Jefferies REALTORS: .
© 2025 RMLS Alliance, LLC. All Rights Reserved.


© 2025 RMLS Alliance, LLC. 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 Bryson Smith Team | Keller Williams Premier Realty. Data last updated: 2025-03-20T17:45:07.397.
 
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