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Listed by Alix Holliday • Hawkeye Commercial Real Estate
$2,448,000
Est. payment /mo
31,200 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 31,200 sqft
Price per Sqft $78
MLS Listing ID QC4262822
Annual Tax Amount $25,484
Tax Year 2023
Lot Size 1.320 Acres
Acres 1.32
Property Sub-Type Commercial
Source rmlsa
Property Description
This fully occupied 36-unit apartment portfolio in Davenport, Iowa, consists of six buildings, each with six remodeled units, including 24 two-bedroom and 12 one-bedroom apartments. All units feature electric appliances, new water heaters, gas furnaces, and central air. The properties offer private, well-lit off-street parking, and recent exterior updates, including landscaping, enhance their curb appeal. Valued at an 8.5% CAP rate, the portfolio offers value-add potential, with many tenants having rented for over a decade. Financials are available upon request, and all offers require pre-approval and are limited to qualified buyers.
Location
State IA
County Scott
Area Qcara Area
Zoning M
Direction West on Central Park Avenue, North on Clark Street, Turn West on Heatherton Drive
Interior
Heating Forced Air, Natural Gas
Cooling Central Air
Flooring Carpet, Tile
Fireplace N
Exterior
View true
Roof Type Composition Shingle,Sloped
Garage 1
Building
Faces West on Central Park Avenue, North on Clark Street, Turn West on Heatherton Drive
Sewer Public Sewer
Water Municipal/City
Structure Type Aluminum Siding,Brick,Frame
Others
Tax ID O2101C18
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