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$ 225,000
Est. payment | /mo
5,394 SqFt
$ 225,000
Est. payment | /mo
5,394 SqFt
Key Details
Property Type Multi-Family
Sub Type Multi Family 5+
Listing Status Active
Purchase Type For Sale
Square Footage 5,394 sqft
Price per Sqft $41
MLS Listing ID QC4268836
Year Built 1900
Annual Tax Amount $3,650
Tax Year 2024
Lot Size 10,454 Sqft
Lot Dimensions 10500 SF
Property Sub-Type Multi Family 5+
Property Description
Seven-unit commercial investment property positioned along Davenport's primary north-south corridor (U.S. Route 61 Business/Brady Street). Fully occupied and generating a Net Operating Income of $21,676. 5,394 SF brick building on 0.24 acres with strong corridor visibility near downtown Davenport and major arterials. Tenants are responsible for electric service in their units, while ownership covers water, sewer, and trash. Property features rear access off E. 15th Street, providing convenient parking and service entry. A solid asset ideal for investors seeking stabilized cash flow.
Location
State IA
County Scott
Area Davenport
Interior
Cooling Central Air
Flooring Other, Tile
Fireplace N
Building
Dwelling Type Multi Family 5+
Water Municipal Water
Structure Type Brick
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Listed by Shawn Langan of NAI Ruhl Commercial Company
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