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Listed by Ruhl&Ruhl REALTORS Clinton
$ 149,000
Est. payment | /mo
5 Beds
3 Baths
8,276 Sqft Lot
$ 149,000
Est. payment | /mo
5 Beds
3 Baths
8,276 Sqft Lot
Key Details
Property Type Multi-Family
Sub Type Two to Four Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID QC4270058
Bedrooms 5
Full Baths 3
Year Built 1900
Annual Tax Amount $1,464
Tax Year 2024
Lot Size 8,276 Sqft
Lot Dimensions 60x140
Property Sub-Type Two to Four Units
Property Description
This income-producing triplex offers long-term tenant stability and a lineup of major recent upgrades. With a monthly income of $1,675 and decades-long residents in two units, this property delivers consistent, low-turnover revenue. Perfectly positioned near employers, retail, restaurants, the YWCA, and the community pool, it sits in an area renters love for convenience and accessibility. Average utilities-$90/month for water and $110/month for sewer (including trash)-are straightforward, and the gas system is billed back through RUBS, keeping operating costs manageable. The property has undergone extensive improvements that give new owners peace of mind. Recent upgrades include a new roof, a boiler installed approximately 3-4 years ago, and refreshed interior paint throughout, including a full repaint of Unit 2. Additional updates include new kitchen flooring in Unit 1, new bathroom flooring in all units, and several kitchen enhancements such as a new base cabinet, countertop, stove, sink, and faucet in Unit 1, plus a new kitchen countertop in Unit 2. The exterior has been freshly painted, the wood sealed, and concrete work completed on the front steps. With strong existing cash flow, durable updates, and flexibility for an owner-occupant house hacker, this property is a reliable and attractive option for any investor.
Location
State IA
County Clinton
Rooms
Basement Full
Interior
Heating Natural Gas
Fireplace Y
Exterior
View Y/N true
Building
Lot Description Level
Foundation Stone
Sewer Public Sewer
Water Public
Structure Type Asbestos
New Construction false
Others
Ownership FS
Special Listing Condition None
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