110 27Th AveClinton, IA 52732

Property Details for 110 27Th Ave

Year built

1950

Lot size

0.37 AC

Property size (Sq ft)

10,967 SF

Property type

Apartment buildings

Description

This exceptional 7-unit apartment building presents a compelling investment opportunity in Clinton, IA. Located at 110 27th Ave N, this Class B property boasts 10,967 square feet on a 0.37-acre lot (APN 86-0332-0000) and offers a strong 8.14% cap rate. Built in 1950, the property features seven spacious units, each with three bedrooms and two bathrooms, appealing to families and long-term renters. Five units are currently rented, providing immediate cash flow and a history of consistent occupancy. Each unit includes designated parking. Recent renovations ensure modern and attractive living spaces. The property is situated in a desirable neighborhood, close to local amenities, schools, and parks. The asking price is $780,000 ($111,428.57 per unit, $71.12 per square foot). Seller financing is available with a minimum 5% earnest money deposit. This fee-simple ownership offers a blend of immediate income and long-term growth potential in a thriving community. The property is expected to be fully occupied by November 15, 2024. This is a turnkey investment ready to generate substantial returns. The permitted zoning is available upon request.

Location Insight

City

Clinton

County

Clinton

State

Iowa

Latitude

41.8765

Longitude

-90.1781

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