110 27Th Ave, Clinton, IA 52732
- Commercial real estate
- 10,967 SF
- 0.37 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for 110 27Th Ave
- Year built
- 1950
- Lot size
- 0.37 lot acres
- Property type
- Commercial real estate
- APN
- 86-0332-0000
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.
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Location Insight
- Map
- Local Demand
- City
- Clinton
- County
- Clinton
- State
- Iowa
- Longitude
- -90.1780521
- Latitude
- 41.8765255
