557 6TH AVE S, Clinton, IA 52732
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557 6TH AVE S Clinton, IA 52732

5 Beds

3 Baths

2,950 SqFt


UPDATED:

Key Details

Property Type Multi-Family

Sub Type Two to Four Units

Listing Status Active

Purchase Type For Sale

Square Footage 2,950 sqft

Price per Sqft $43

MLS Listing ID QC4270061

Bedrooms 5

Full Baths 3

Year Built 1900

Annual Tax Amount $1,188

Tax Year 2024

Lot Size 6,969 Sqft

Lot Dimensions 50x140

Property Sub-Type Two to Four Units

Property 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.

Location

State IA

County Clinton

Area Iowa - Clinton

Rooms

Basement Unfinished, Full

Interior

Heating Natural Gas

Fireplace N

Building

Lot Description Level

Dwelling Type Two to Four Units

Building Description Vinyl Siding, No

Sewer Public Sewer

Water Public

Structure Type Vinyl Siding

New Construction false

Schools

School District 1278 , 1278, 1278

Others

Ownership Fee Simple

Special Listing Condition None


Midwest Real Estate Data (MRED) IDX
Listed by Brian Thomas of  Ruhl&Ruhl REALTORS Clinton 

NEARBY SCHOOLS & PROPERTIES

Alexa McCurdy

Alexa McCurdy

Real Estate Advisor

+1(312) 978-0015

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557 6TH AVE S