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$ 149,000
Est. payment /mo
Active
557 6TH AVE S Clinton, IA 52732
5 Beds
3 Baths
6,969 Sqft Lot
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Two to Four Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID QC4270061
Bedrooms 5
Full Baths 3
Year Built 1900
Annual Tax Amount $1,188
Tax Year 2024
Lot Size 6,969 Sqft
Lot Dimensions 50x140
Property Sub-Type Two to Four Units
Property Description
Welcome to a well-cared-for triplex that offers dependable income and low-maintenance ownership. Located close to major employment centers, shopping, dining, the YWCA, and the community pool, this property consistently attracts renters looking for convenience and accessibility. With a current monthly income of $2,000, plus long-term tenants in two units and a newly placed tenant at $800/month, this building provides immediate revenue with room for upside. Utilities are simple, with water averaging $50/month, sewer $99/month (including trash), and the common area electric averaging only $25/month. Gas is billed back to tenants via RUBS, keeping owner expenses predictable. The property has been well-maintained over the years, benefiting from less deferred maintenance compared to similar buildings. Recent updates include fresh interior paint throughout-Unit 3 received a full repaint-as well as new bathroom flooring in Unit 3. The exterior has also been completely painted, and the deck was recently replaced (per the city inspector) and newly sealed with wood stain. The roof was inspected during another project and confirmed to be in good condition, with no replacement needed. This is an excellent opportunity for investors looking for a stable, well-kept asset or those considering house hacking.
Location
State IA
County Clinton
Area Clinton
Rooms
Basement Full, Unfinished
Interior
Heating Natural Gas
Fireplace N
Building
Lot Description Level
Dwelling Type Two to Four Units
Building Description Wood, No
Sewer Public Sewer
Water Public
Structure Type Wood
New Construction false
Others
Ownership FS
Special Listing Condition None
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Listed by Ruhl&Ruhl REALTORS Clinton