500 Oakhurst Dr Clinton, IA 52732
This exceptional 11-unit apartment building presents a lucrative investment opportunity in Clinton, Iowa. Located at 500 Oakhurst Drive within the Breezy Point subdivision, this two-story, 1902-built property boasts 11,335 square feet and offers a compelling net operating income (NOI) of $27,034. The building comprises a mix of unit sizes, including two one-bedroom units and eight two-bedroom units, catering to a diverse tenant base. Ample off-street parking is available with 20 spaces provided for residents. Convenience is enhanced by the inclusion of on-site laundry facilities, adding value for tenants and simplifying property management. The property's county assessor parcel number (APN) is 8400090000. This well-maintained multifamily property is priced at $375,000 and represents a strong potential for both immediate cash flow and long-term appreciation. Its prime location in Clinton, Iowa, offers easy access to local amenities and services, making it an attractive option for renters. The property's solid occupancy rate and consistent income stream make it an ideal addition to any investment portfolio. This is a rare opportunity to acquire a well-established multifamily property in a desirable location. Serious inquiries are encouraged.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.