Properties

Property Description

Investors! This well-maintained turn key 4-unit multifamily property with strong cash flow features four spacious 2-bed, 1-bath units (two upper, two lower), with three units currently leased—lower units at $850/month and upper units at $800/month. Tenants pay gas and electric, keeping expenses low. Recent updates include a new roof (2023), foundation tuck-pointing and soffit repairs (2024), new porch (2024), two new water heaters, a new sewer stack, recently painted interiors, bathroom floor replaced, and some replaced kitchen appliances. Furnaces have been serviced annually. A large unfinished walk-up attic—currently locked but accessible through one of the upper units—offers additional space with potential for storage or future finishing. The large unfinished basement has several areas for storage as well. Security cameras belonged to a previous tenant and stay with home (not currently in use). Located near major thoroughfares with easy access to schools, downtown, and the East Village, this property is ideally situated as an excellent opportunity for investors seeking immediate income with value-add upside. Showings only with preapproval or proof of funds. Vacant unit available to show until leased. Pictures of 1425 Unit 1 represent general condition of all units – they are essentially mirrors of one another. No sign on property.

Features
: Forced Air, Natural Gas
: Full, Unfinished
: Shingle
: Corner Lot, Level
: On Street
Residential
Address Map
US
IA
Scott
Davenport
GRAND
1421
Avenue
0
W91° 26' 7''
N41° 32' 5.5''
SE corner of 15th and Grand.
MLS Addon
Currents and Keys Realty
David
Wilkinson
$0
: Vinyl Siding
1
Davenport
RMAQCQ8546W
RMAQCCURRKE
Active
F0013-24
: Two Or More Story, Quadruplex
LeClaire
$2,756
2023
[email protected]

Residential Income For Sale

1421 GRAND Avenue, Davenport, Iowa

0 Acre
$230,000
Listing ID #RMAQC4262397
Basic Details
Property Type : Residential Income
Listing Type : For Sale
Listing ID : RMAQC4262397
Price : $230,000
Year Built : 1900
Lot Size : 0 Acre
Lot Size Dimensions : 65x94
Property Sub Type : Residential Income
Standard Status : Active
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