500 Oakhurst DrClinton, IA 52732

For Sale
$375,000

11-Unit Multifamily Income Property

Overview

Added:
Dec 11, 2024
Days on market:
91
This exceptional 11-unit apartment building presents a lucrative investment opportunity in Clinton, Iowa. Located at 500 Oakhurst Drive within the Breezy Point subdivision, this two-story, 1902-built property boasts 11,335 square feet and offers a compelling net operating income (NOI) of $27,034. The building comprises a mix of unit sizes, including two one-bedroom units and eight two-bedroom units, catering to a diverse tenant base. Ample off-street parking is available with 20 spaces provided for residents. Convenience is enhanced by the inclusion of on-site laundry facilities, adding value for tenants and simplifying property management. The property's county assessor parcel number (APN) is 8400090000. This well-maintained multifamily property is priced at $375,000 and represents a strong potential for both immediate cash flow and long-term appreciation. Its prime location in Clinton, Iowa, offers easy access to local amenities and services, making it an attractive option for renters. The property's solid occupancy rate and consistent income stream make it an ideal addition to any investment portfolio. This is a rare opportunity to acquire a well-established multifamily property in a desirable location. Serious inquiries are encouraged.

Highlights

  • $375,000 asking price.
  • Multifamily apartment building with 11 units.
  • 11,335 square feet.
  • $27,034 Net Operating Income (NOI).
  • Built in 1902, two stories.
  • 20 parking spaces.

Property Details for 500 Oakhurst Dr

Property type
Multifamily properties, Apartment buildings
Square Feet
11,335 SF
Year Built
1902
Stories
2
Units
11

Location Insight

City
Clinton
County
Clinton
State
Iowa
Latitude
41.8557722
Longitude
-90.1927723
500 Oakhurst Dr, Clinton, Iowa

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500 Oakhurst Dr
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