110 27Th Ave Clinton, IA 52732

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.