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$ 259,000
Est. payment | /mo
5,456 SqFt
$ 259,000
Est. payment | /mo
5,456 SqFt
Key Details
Property Type Multi-Family
Sub Type Multi Family 5+
Listing Status Active
Purchase Type For Sale
Square Footage 5,456 sqft
Price per Sqft $47
MLS Listing ID QC4268838
Year Built 1900
Annual Tax Amount $4,730
Tax Year 2024
Lot Size 0.260 Acres
Lot Dimensions 11250 SF
Property Sub-Type Multi Family 5+
Property Description
Eleven-unit commercial investment property located within Davenport's core corridor near downtown and Palmer College of Chiropractic. The property is fully occupied and generates a Net Operating Income of $19,925. 5,456 SF brick structure on 0.26 acres, featuring efficient unit layouts, stabilized tenancy, and steady operating performance. Tenants are responsible for electric service in their units, while ownership covers water, sewer, and trash. Excellent proximity to downtown amenities and major arterials. Income-producing asset ideal for private or portfolio investors seeking stabilized Quad Cities multifamily/commercial holdings.
Location
State IA
County Scott
Area Davenport
Interior
Flooring Tile, Wood
Fireplace N
Building
Dwelling Type Multi Family 5+
Water Municipal Water
Structure Type Brick,Frame,Vinyl Siding
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Listed by Shawn Langan of NAI Ruhl Commercial Company
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