Skip to main content

Multifamily

Prairie Village of Clinton

1141 13th Ave N, Clinton, IA 52732

Listing Price: $2,700,000

Cap Rate
6.46%
Number of Units
58
Occupancy
95.0%
Price/Unit
$46,552
Price/Gross SF
$76.92
Gross SF
35,100

Investment Overview

Marcus & Millichap is pleased to present Prairie Village of Clinton, a 58-unit apartment complex located in Clinton, Iowa. Clinton is approximately 35 miles northeast of the Quad Cities of the Mid-Mississippi Valley (Davenport, Iowa; Bettendorf, Iowa; Rock Island, Illinois; East Moline, Illinois). Clinton is a river town located along the Mississippi with a rich history of industrious innovators. Once a prosperous logging town, Clinton is now a prime location for industrial and commercial development and the home to many national and local businesses. Prairie Village of Clinton consists of 56 one-bedroom / one-bathroom units (approximately 600 square feet) and two two-bedroom / one-bathroom units (approximately 750 square feet). Most of the units have been renovated featuring new floors, new paint, replaced AC units and approximately 30 new water heaters. On-site amenities include a laundry facility. Here, an investor has an opportunity to purchase a stable, 58-unit apartment complex located in Clinton, Iowa.

Investment Highlights

  • Renovated Units
  • Convenient Location
  • Recent Capital Improvements
  • On-Site Laundry Facility

Broker of Record

  • Jon Ruzicka

    First Vice President Investments

    (952) 852-9700

    License(s) IA: B63379000

    Iowa

Multifamily

Prairie Village of Clinton

Listing Price: $2,700,000

Cap Rate
6.46%
Number of Units
58
Occupancy
95.0%
Price/Unit
$46,552
Price/Gross SF
$76.92
Gross SF
35,100

Investment Highlights

  • Renovated Units
  • Convenient Location
  • Recent Capital Improvements
  • On-Site Laundry Facility

Investment Overview

Marcus & Millichap is pleased to present Prairie Village of Clinton, a 58-unit apartment complex located in Clinton, Iowa. Clinton is approximately 35 miles northeast of the Quad Cities of the Mid-Mississippi Valley (Davenport, Iowa; Bettendorf, Iowa; Rock Island, Illinois; East Moline, Illinois). Clinton is a river town located along the Mississippi with a rich history of industrious innovators. Once a prosperous logging town, Clinton is now a prime location for industrial and commercial development and the home to many national and local businesses. Prairie Village of Clinton consists of 56 one-bedroom / one-bathroom units (approximately 600 square feet) and two two-bedroom / one-bathroom units (approximately 750 square feet). Most of the units have been renovated featuring new floors, new paint, replaced AC units and approximately 30 new water heaters. On-site amenities include a laundry facility. Here, an investor has an opportunity to purchase a stable, 58-unit apartment complex located in Clinton, Iowa.

Broker of Record

  • Jon Ruzicka

    First Vice President Investments

    (952) 852-9700

    License(s): IA: B63379000

    Iowa

MM Texture Background
MM Textured Background Lower