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$ 445,000
Est. payment | /mo
5,440 SqFt
$ 445,000
Est. payment | /mo
5,440 SqFt
Key Details
Property Type Multi-Family
Sub Type Multi Family 5+
Listing Status Active
Purchase Type For Sale
Square Footage 5,440 sqft
Price per Sqft $81
MLS Listing ID 12616906
Year Built 1920
Annual Tax Amount $2,984
Tax Year 2025
Lot Size 156.900 Acres
Lot Dimensions 89x155
Property Sub-Type Multi Family 5+
Property Description
Turnkey 6-Unit Investment Opportunity in Davenport, Iowa Exceptional opportunity to acquire a fully renovated six-unit apartment building in Davenport. This turnkey property is ideal for investors seeking immediate cash flow with minimal maintenance concerns. Each of the six units features: * 2 bedrooms, 1 bathroom * Complete interior remodels * Brand-new appliances in every unit * Luxury vinyl plank flooring and new carpeting * Updated plumbing and electrical, including new panels Major capital improvements include: * New water heaters and heating systems in all units * All new windows and exterior doors throughout the building The property is fully occupied, with all units leased under one-year agreements-providing stable, immediate income from day one. This is a low-maintenance, high-demand asset in a strong rental market-perfect for both seasoned investors and those looking to expand their portfolio with a solid, income-producing property.
Location
State IA
County Scott
Area Davenport
Rooms
Basement Unfinished
Interior
Fireplace N
Building
Dwelling Type Multi Family 5+
Structure Type Stone,Vinyl Siding
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Listed by Tim Hernandez of eXp Realty
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