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557 6th Avenue S Clinton, IA 52732 Multi Unit - Multiple Sold

Auction •
Sold

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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.

Property Highlights

Property Type: Multi Unit - Multiple
Basement: Yes
Basement: Unfinished, Full
Days on Market: 38
Heating: Natural Gas
Lot Size: 0.16 Acres
Roof Type: Asphalt
Taxes: $1,188
Year Built: 1900

General Information

Bedrooms: 5
County: Clinton
MLS ID:

Property Features

Lot: Level
Lot Dimensions: 50x140
Parcel#: 8020000000
Parking: Alley Access, Yes
Sewer: Public Sewer
Total Rooms: 14
Township: N/A
Water: Public
Sold for 110000
Est. [rp estimate]/mo
5beds
Featured Listing
BEDS5 BATHS MLS#12662441
STATUSSold PROPERTY TYPEMulti Unit - Multiple SCHOOL1278

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