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$ 375,000
Est. payment | /mo
7,943 SqFt
$ 375,000
Est. payment | /mo
7,943 SqFt
Key Details
Property Type Multi-Family
Sub Type Multi Family 5+
Listing Status Active
Purchase Type For Sale
Square Footage 7,943 sqft
Price per Sqft $47
MLS Listing ID QC4268831
Year Built 1900
Annual Tax Amount $3,956
Tax Year 2024
Lot Size 6,098 Sqft
Lot Dimensions 6,000 SF
Property Sub-Type Multi Family 5+
Property Description
Thirteen-unit commercial investment property located within Davenport's I-MU (Industrial Mixed Use) district near the downtown core and riverfront. The property is fully occupied and generates a Net Operating Income of $37,681. 7,943 SF brick building on 0.14 acres featuring multi-tenant layouts and consistent occupancy. Ownership provides utilities for this building and charges tenants an additional $50 per month during the months they use window A/C units. Property includes an on-site parking lot accessible from an alley off Brown or Warren Street. Strong visibility and accessibility via downtown arterials. Property is located within the mapped floodplain.
Location
State IA
County Scott
Area Davenport
Interior
Flooring Tile, Wood
Fireplace N
Exterior
Roof Type Membrane
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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