$645,000
$70K PRICE DROP

431 5th Ave S Unit 17 Clinton, IA 52732

Estimated payment $4,219/month

Total Views 7,880
3 Beds
-- Bath
7,687 Sq Ft
$84 Price per Sq Ft

About This Home

An investment opportunity with 9 of the 17 units currently leased. The apartments are in nice condition and are ready to provide nice ROI for the owner. Many updates and improvements to this property since 2022: - Fire escape - Electrical outlets - Arc fault breakers - Electric service - Water lines - Flooring - All units recently painted - Baseboard heating - Appliances - Updated building exterior - Updated common area fire detection system - Units 1 - 5 completely refinished Landlord pays water, sewer and a trash dumpster for the entire property. Unit 1 has a gas furnace the landlord pays for and an electric heater the tenant pays for. A proforma showing financials when property is fully leased is available by request. Copy of recent property appraisal report is available by request

Listing Agent

Dennis Lauver

Coldwell Banker Howes & Jefferies REALTORS Brokerage Phone: 563-503-9663 License #B63532000/475.165634 Listed on: 08/20/2024

Coldwell Banker Howes & Jefferies REALTORS

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,751

Year Built

  • Built in 1916

Lot Details

  • Lot Dimensions are 120 x 140
  • Level Lot

Home Design

  • 7,687 Sq Ft Home
  • Brick Exterior Construction
  • Shingle Roof
  • Rubber Roof

Bedrooms and Bathrooms

  • 3 Bedrooms

Parking

  • 11 Parking Spaces
  • Parking Pad

Schools

  • Clinton High School

Utilities

  • Heating System Uses Natural Gas
  • Window Unit Heating System

Additional Features

  • Unfinished Basement

Community Details

  • Clinton Subdivision
  • Trash Expense $212

Listing and Financial Details

  • Assessor Parcel Number 80-1735-0000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,751

Year Built

Built in 1916

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Property Sub Type: Residential Income
  • Year Built: 1916
  • New Construction: No
  • Property Attached Yn: No
  • Structure Type: Two or More Story
  • Attribution Contact: Cell: 563-503-9663
  • Special Features: None

Interior Features

  • Basement: Unfinished
  • Total Bedrooms: 3

Exterior Features

  • Lot Features: Level
  • Road Surface Type: Paved
  • Construction Type: Brick
  • Roof: Rubber, Shingle
  • 100YearPlain: No

Garage/Parking

  • Parking Features: Parking Pad
  • Total Parking Spaces: 11

Utilities

  • Heating: Electric, Natural Gas, Window Unit(s)
  • Water Source: Public Sewer, Public
  • GasExpense: 741

Condo/Co-op/Association

  • Senior Community: No
  • LawnSnowRemoval: 1500

Fee Information

  • Trash Expense: 212
  • AdvertisingExpense: 0
  • OtherExp1Description: capex

Schools

  • High School: Clinton High

Lot Info

  • Lot Size: 120 x 140
  • Parcel #: 80-1735-0000

Tax Info

  • Tax Year: 2023
  • Tax Annual Amount: 9751.28
  • TaxExemptions: None

Multi Family

  • Resident Manager Expense: 11328

Map

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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Average Value
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List Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/16/2025 08/16/25 Price Changed $645,000 -7.2% $84 / Sq Ft
02/11/2025 02/11/25 Price Changed $695,000 -2.8% $90 / Sq Ft
08/20/2024 08/20/24 For Sale $715,000 -- $93 / Sq Ft
Source: RMLS Alliance

Source: RMLS Alliance

MLS Number: QC4255612

RMLS Alliance
Iowa Clinton County Clinton 52732

431 5th Ave S Unit 17, Clinton, IA

For Sale

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Dennis Lauver
Listing Agent
Dennis Lauver
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Coldwell Banker Howes & Jefferies REALTORS
(563) 281-6139