431 5TH Avenue South $799,000

    Close

    431 5TH Avenue South Clinton, IA 52732

    Active

    $799,000

    Request Info
    • 0.38 Acres
    • Commercial
    • MLS# QC4238073
    Favorite Share
    Views: 62 Days On Site: 102

    Go Tour This Listing

    Schedule A Showing

    Property Details

    Newly Restored 17-Unit Investment Opportunity Available. Split between a 12 unit, three (3) floor complex and a mansion portion of the property that has been completely gutted and renovated in 2022, this site is prime for value add and/or any new investor looking for a stable start to their portfolio. Housing five (5) VERY LARGE units that range from 1,500-1,800 SF, the mansion portion will add great value with improvements and rent increases. With current ownership doing over $225,000 in capital improvements, secured front and rear entrances, private parking, all recently updated electrical, coin operated laundry on each floor and a newer flat membrane roof, this property boasts all the features a Landlord would like to see.

    • General Features
      • Annual Tax Amount 6104
      • Possible Use Investment,Multi-Family
      • Tax Year 2020
      • Zoning M
    • Building Features
      • Building Area Total 6108
      • Construction Materials Brick
      • Cooling None
      • Flooring Tile/Vinyl
      • Heating Electric
      • Levels Three,Free Standing,Multi-Tenant
      • Roof Composition Shingle, Flat, Membrane
    • Property Features
      • Frontage Type City Street
      • Lot Size Acres 0.38
      • Number Of Units Total 17
      • Sewer Public Sewer
      • Water Source Municipal/City

    Contact

    Neighborhood

    Property History

    Date Event Price Percent Change
    -- Current Price Source: Multiple Listing Service New Value: $799,000
    10/21/2022 10:32:00 AM New in Database Source: Multiple Listing Service New Value: $799,000
    The data relating to real estate for sale on this website is provided in part by RMLS Alliance, INC. Information deemed reliable but not guaranteed. The property information provided on this website is for the personal, non-commercial use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. ©2023 All rights reserved.

    Note: All room dimensions, including square footage data, are approximate and must be verified by the buyer. The information contained herein is furnished by the owner to the best of his/her knowledge but is subject to verification by the purchaser, and agent assumes no responsibility for the correctness thereof. The sale offering is made subject to errors, omissions, change of price, prior sale, or withdrawal without notice. In accordance with the Law, this property is offered without respect to race, color, creed, national origin, sex, familial status or disability. This is not intended to solicit property currently listed.