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Description
Expand Your Investment Portfolio with This 5-Unit Apartment Complex. Don't miss this excellent opportunity to own a well-maintained 5-unit apartment building with numerous recent updates. Over the past two years, the property has seen significant improvements, helping to reduce future maintenance costs and increase tenant appeal. Recent upgrades include: 3 new furnaces, 2 new water heaters, 4 fully remodeled bathrooms, new toilets, faucets, exterior doors and 7 new windows. With most major mechanical systems and interior updates already completed, this property is primed for steady cash flow and long-term growth. Whether you're adding to your portfolio or starting your investment journey, this is a smart addition with solid upside potential. 48 hour notice needed.
Property Highlights
Property Type: Multi Unit - Multiple
General Information
County: Clinton
Listed By:
Mel Foster Co. Clinton
563-243-5308
MRED MLS
MLS ID: 12581962
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536 10th Avenue S, Clinton, IA 52732.
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563-441-1862
toll free 866-441-1862
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| Loan Type | 30 Year Fixed | FHA 30 Year Fixed | 15 Year Fixed |
| Purchase Price | $250,000 | $250,000 | $250,000 |
| Down Payment | $50,000 | $8,750 | $62,500 |
| Monthly Mortgage Amount | $1,167 | $1,433 | $1,520 |
| Taxes | $348 | $348 | $348 |
| Insurance | $100 | $100 | $100 |
| HOA/Dues/Fees | $0 | $0 | $0 |
| Monthly Mortage Insurance | $0 | $110 | $0 |
| Monthly Estimated Total | $1,615 | $1,991 | $1,968 |