Multifamily
The Overlook & The Ridge Apartment Homes
850 1st Ave, Clinton, IA 52732
Listing Price: $6,900,000
Investment Overview
Marcus & Millichap is pleased to present The Overlook & The Ridge Apartment Homes in Clinton, IA. This attractive property features 122 multifamily units spread across five buildings, conveniently located along the Mississippi River & the Iowa/Illinois border. This terrific location offers easy access to the Quad Cities region — a bi-state (Iowa & Illinois) family of communities along the world-renowned Mississippi riverfront, often regarded as the heart of the mid-west.
The Overlook & The Ridge boasts a range of amenities designed to enhance the living experience for residents. Each spacious unit comes with A/C, high-speed internet access, walk-in closets, patio/balcony, and a dishwasher/range/refrigerator. Approximately 85 percent of the units have been updated with new flooring, countertops, appliances, light fixtures, and paint. The property offers on-site, coin-operated laundry facilities, providing added convenience and comfort. Additionally, ample parking is available with approximately 1.6 parking spaces per unit, ensuring residents have plenty of space for their vehicles.
The property has seen significant capital improvements, including a new parking lot, new siding, soffits and facia, all new landscape layout and design, new sidewalks, new common area lights, newer roof (approximately five years old), and all new windows within the last 10 years.
Investment Highlights
- 122-Unit Multifamily in Clinton, IA Located on a Large 14.66-Acre Lot
- Spacious, Well-Maintained Units: 85% Renovated with New Flooring, Countertops, Appliances, Light Fixtures, & Paint
- Capital Expenditures: New Parking Lot, Siding, Soffits & Facia, Landscaping, Sidewalks, Lighting, Roof (5 y/o), Windows (10 y/o)
Broker of Record
Listing Price: $6,900,000
Investment Highlights
- 122-Unit Multifamily in Clinton, IA Located on a Large 14.66-Acre Lot
- Spacious, Well-Maintained Units: 85% Renovated with New Flooring, Countertops, Appliances, Light Fixtures, & Paint
- Capital Expenditures: New Parking Lot, Siding, Soffits & Facia, Landscaping, Sidewalks, Lighting, Roof (5 y/o), Windows (10 y/o)
Investment Overview
Marcus & Millichap is pleased to present The Overlook & The Ridge Apartment Homes in Clinton, IA. This attractive property features 122 multifamily units spread across five buildings, conveniently located along the Mississippi River & the Iowa/Illinois border. This terrific location offers easy access to the Quad Cities region — a bi-state (Iowa & Illinois) family of communities along the world-renowned Mississippi riverfront, often regarded as the heart of the mid-west. The Overlook & The Ridge boasts a range of amenities designed to enhance the living experience for residents. Each spacious unit comes with A/C, high-speed internet access, walk-in closets, patio/balcony, and a dishwasher/range/refrigerator. Approximately 85 percent of the units have been updated with new flooring, countertops, appliances, light fixtures, and paint. The property offers on-site, coin-operated laundry facilities, providing added convenience and comfort. Additionally, ample parking is available with approximately 1.6 parking spaces per unit, ensuring residents have plenty of space for their vehicles. The property has seen significant capital improvements, including a new parking lot, new siding, soffits and facia, all new landscape layout and design, new sidewalks, new common area lights, newer roof (approximately five years old), and all new windows within the last 10 years.
Broker of Record
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