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
For sale
Price cut: $20K (2/11)
$695,000
431 5th Ave S #17, Clinton, IA 52732
3beds
2baths
7,687sqft
Est.:
Multi Family, Apartment
Built in 1916
-- sqft lot
$-- Zestimate®
$90/sqft
$-- HOA
What's special
Off-street parkingSecure historical building
- 249 days
- on Zillow |
- 140 |
- 3 |
Zillow last checked: 7 hours ago
Listing updated: February 13, 2025 at 12:01pm
Listed by:
Dennis Lauver Cell:563-503-9663,
Coldwell Banker Howes & Jefferies REALTORS
Source: RMLS Alliance,MLS#: QC4255612
Originating MLS: Quad City Area Realtor Association


Travel times
Tour with a buyer’s agent
Tour with a buyer’s agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 2
Heating
- Electric, Natural Gas
Appliances
- Included: Water Heater
Features
- Basement: Unfinished
Interior area
- Total structure area: 7,687
- Total interior livable area: 7,687 sqft
Property
Parking
- Total spaces: 11
- Parking features: Parking Pad
- Has uncovered spaces: Yes
Lot
- Size: 0.39 Acres
- Dimensions: 120 x 140
- Features: Level
Details
- Parcel number: 8017350000
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family, Apartment
Materials
- Brick
- Roof: Rubber,Shingle
Condition
- New construction: No
- Year built: 1916
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
Community
- Subdivision: Clinton
Location
- Region: Clinton
Financial & listing details
- Price per square foot: $90/sqft
- Annual tax amount: $9,751
- Date on market: 8/20/2024
- Road surface type: Paved
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