110 27th Ave N
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110 27th Ave N
7 Unit Block of Flats £616,208 (£88,030/Unit) 8.97% Net Initial Yield Clinton, IA 52732
Executive Summary
Multi-Family Property for Sale in Clinton, Iowa Discover an exceptional investment opportunity with this well-maintained multi-family property in the heart of Clinton, Iowa. This property boasts 7 spacious units, each with 3 bedrooms and 2 bathrooms, perfect for families looking for comfort and space. Key Features: - Modern Renovations: Each unit has been renovated. It also offers long-term tenants.
Parking Included: Each unit comes with its own designated parking space, providing convenience for residents.
Solid Income Potential: Currently, 5 units are rented, providing immediate cash flow and stability for your investment. With a strong rental history, this property is an ideal addition to any portfolio.
Prime Location: Situated in a desirable neighborhood, residents will enjoy easy access to local amenities, schools, and parks. This multi-family property is not just a place to live; it’s a solid investment in your future. Don’t miss out on this opportunity to own a well-performing asset in Clinton!
Parking Included: Each unit comes with its own designated parking space, providing convenience for residents.
Solid Income Potential: Currently, 5 units are rented, providing immediate cash flow and stability for your investment. With a strong rental history, this property is an ideal addition to any portfolio.
Prime Location: Situated in a desirable neighborhood, residents will enjoy easy access to local amenities, schools, and parks. This multi-family property is not just a place to live; it’s a solid investment in your future. Don’t miss out on this opportunity to own a well-performing asset in Clinton!
Financial Summary (Pro forma - 2024) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Pro forma - 2024) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | £616,208 | Building Class | C |
| Price Per Unit | £88,030 | Lot Size | 0.36 AC |
| Sale Type | Investment | Building Size | 10,432 SF |
| Net Initial Yield | 8.97% | Average Occupancy | 85% |
| No. Units | 7 | Number of Floors | 2 |
| Property Type | Residential | Year Built/Renovated | 1950/2022 |
| Property Subtype | Apartment | Parking Ratio | 1.73/1,000 SF |
| Apartment Style | Low Rise |
| Price | £616,208 |
| Price Per Unit | £88,030 |
| Sale Type | Investment |
| Net Initial Yield | 8.97% |
| No. Units | 7 |
| Property Type | Residential |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 0.36 AC |
| Building Size | 10,432 SF |
| Average Occupancy | 85% |
| Number of Floors | 2 |
| Year Built/Renovated | 1950/2022 |
| Parking Ratio | 1.73/1,000 SF |
Unit Amenities
- Air Conditioning
- Microwave
- Washer/Dryer Hookup
- Heating
- Kitchen
- Refrigerator
- Tub/Shower
- Yard
- Freezer
Site Amenities
- 24 Hour Access
- Recycling
- Rubbish Collection - Kerbside
- Wi-Fi
- Private Bathroom
- Walk-Up
Unit Mix Information
| Description | No. Units | Avg. Rent.Mo | SF |
|---|---|---|---|
| 3+2 | 7 | - | 1,342 |
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PROPERTY TAXES
| Parcel Number | 86-0332-0000 | Total Assessment | £191,167 |
| Land Assessment | £30,108 | Annual Taxes | -£1 (£0.00/sf) |
| Improvements Assessment | £161,059 | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
86-0332-0000
Land Assessment
£30,108
Improvements Assessment
£161,059
Total Assessment
£191,167
Annual Taxes
-£1 (£0.00/sf)
Tax Year
2024
-
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110 27th Ave N
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