431 6Th Ave S Clinton, IA 52732
Triplex with long-term tenants, recent upgrades, and strong cash flow.
Property size:
2,700 SFProperty Features for 431 6Th Ave S
General Information
- Standard status
- Active
- Size
- 2,700 SF
Building Details
- Year built
- 1900
Source:
Crexi
Listing Agency: Ruhl&Ruhl Realtors Listing Agent: Brian Thomas
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
Income-Producing Triplex with Recent Upgrades
This income-producing triplex features long-term tenant stability and recent upgrades. The property generates a monthly income of $1,675 and benefits from decades-long residents in two units, providing consistent, low-turnover revenue. It is located near employers, retail establishments, restaurants, the YWCA, and the community pool, offering convenience and accessibility. Average monthly utility costs are approximately $90 for water and $110 for sewer, which includes trash. The gas system is billed back through RUBS. Recent upgrades include a new roof, a boiler installed approximately 3-4 years ago, and refreshed interior paint throughout, including a full repaint of Unit 2. Unit 1 features new kitchen flooring, and all units have new bathroom flooring. Kitchen enhancements in Unit 1 include a new base cabinet, countertop, stove, sink, and faucet, while Unit 2 has a new kitchen countertop. The exterior has been freshly painted, the wood sealed, and concrete work has been completed on the front steps. The property offers existing cash flow and durable updates.
Location Intelligence
Current Use by Public Records
Triplexes
Location Insight
- Map
- Local Demand
- City
- Clinton
- County
- Clinton
- State
- Iowa
- Longitude
- -90.194033
- Latitude
- 41.839969
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FAQs
What type of property is this?
Triplex - Triplex with long-term tenants, recent upgrades, and strong cash flow.
Where is this triplex located?
The property is located at 431 6Th Ave S Clinton, IA.
What are key features of this property?
This property features: - Consistent Income: Generates $1,675 monthly with long-term tenants, ensuring reliable revenue.; - Recent Major Upgrades: Includes a new roof and relatively new boiler (approx. 3-4 years old), providing peace of mind.; - Low Turnover: Decades-long residents in two units indicate tenant stability.
