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557 6th Avenue S Clinton, IA 52732 Multi Unit - Multiple Active

  • 557 6th Avenue S, Clinton, IA 52732 Main Photo

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Description

Welcome to a well-cared-for triplex that offers dependable income and low-maintenance ownership. Located close to major employment centers, shopping, dining, the YWCA, and the community pool, this property consistently attracts renters looking for convenience and accessibility. With a current monthly income of $2,000, plus long-term tenants in two units and a newly placed tenant at $800/month, this building provides immediate revenue with room for upside. Utilities are simple, with water averaging $50/month, sewer $99/month (including trash), and the common area electric averaging only $25/month. Gas is billed back to tenants via RUBS, keeping owner expenses predictable. The property has been well-maintained over the years, benefiting from less deferred maintenance compared to similar buildings. Recent updates include fresh interior paint throughout-Unit 3 received a full repaint-as well as new bathroom flooring in Unit 3. The exterior has also been completely painted, and the deck was recently replaced (per the city inspector) and newly sealed with wood stain. The roof was inspected during another project and confirmed to be in good condition, with no replacement needed. This is an excellent opportunity for investors looking for a stable, well-kept asset or those considering house hacking.

Property Highlights

Property Type: Multi Unit - Multiple
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General Information

Bathrooms: 3
Sqft: 2,950
County: Clinton
MLS ID:
$139,000
Est. $946/mo
3baths
2,950sqft
Featured Listing Active
BEDS0 BATHS3 full SQUARE FEET2,950 MLS#QC4270061
STATUSActive PROPERTY TYPEMulti Unit - Multiple

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557 6th Avenue S, Clinton, IA 52732.

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Loan Type 30 Year FixedFHA 30 Year Fixed15 Year Fixed
Purchase Price $139,000$139,000$139,000
Down Payment $27,800$4,865$34,750
Monthly Mortgage Amount $640$786$831
Taxes $206$206$206
Insurance $100$100$100
HOA/Dues/Fees $0$0$0
Monthly Mortage Insurance $0$61$0
Monthly Estimated Total $946$1,153$1,137

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