431 5th Avenue South 17 Clinton, IA 52732
Listing Courtesy of: RMLS ALLIANCE / Coldwell Banker Howes & Jefferies / Dennis Lauver

  431 5th Avenue South 17 Clinton, IA 52732

Active (227 Days)
$695,000

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

MLS #:
QC4255612
Taxes
$9,751(2023)
Type
Multifamily
Year Built
1916
County
Clinton County

Listed By

Dennis Lauver, Coldwell Banker Howes & Jefferies
Source
RMLS ALLIANCE
Last checked Apr 4 2025 at 1:27 PM CDT
Bathroom Details
Subdivision
  • Clinton
Lot Information
  • Level
Heating and Cooling
  • Window Unit(s)
  • Gas
  • Electric
Basement Information
  • Unfinished
Exterior Features
  • Roof: Shingle
  • Roof: Rubber
Utility Information
  • Fuel: Gas, Electric
School Information
  • High School: Clinton High
Parking
  • Parking Pad
Location
   
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Listing Price History

Date
Event
Price
% Change
$ (+/-)
Feb 11, 2025
Price Changed
$695,000
-3%
-20,000
Aug 20, 2024
Original Price
$715,000
-
-
Disclaimer: Copyright 2025 RMLS Alliance. All rights reserved. This information is deemed reliable, but not guaranteed. The information being provided is 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. Data last updated 4/4/25 06:27