557 6th Avenue S, Clinton, IA

About 557 6th Avenue S

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.

Listing Map