500 Oakhurst Dr Clinton, IA 52732
- Commercial real estate
- 11,335 SF
Current Use by Public Records
- Commercial real estate
Property Details for 500 Oakhurst Dr
- Year built
- 1902
- Property size
- 11,335 SF
- Property type
- Commercial real estate
- APN
- 8400090000
Description
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.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Clinton
- County
- Clinton
- State
- Iowa
- Longitude
- -90.1927723
- Latitude
- 41.8557722
