Property Description
This fully occupied 36-unit apartment portfolio in Davenport, Iowa, consists of six buildings, each with six remodeled units, including 24 two-bedroom and 12 one-bedroom apartments. All units feature electric appliances, new water heaters, gas furnaces, and central air. The properties offer private, well-lit off-street parking, and recent exterior updates, including landscaping, enhance their curb appeal. Valued at an 8.5% CAP rate, the portfolio offers value-add potential, with many tenants having rented for over a decade. Financials are available upon request, and all offers require pre-approval and are limited to qualified buyers.
Features
: Forced Air, Natural Gas
: Central Air
: Composition Shingle, Sloped
: Carpet, Tile
M
Address Map
US
IA
Scott
Davenport
HEATHERTON
3004-3404
Drive
0
W91° 22' 44.3''
N41° 32' 49.6''
West on Central Park Avenue, North on Clark Street, Turn West on Heatherton Drive
MLS Addon
Hawkeye Commercial Real Estate
Alix
Holliday
$0
: Brick, Frame, Aluminum Siding
5
: Three Or More, Multi-tenant, Free Standing
RMAQC7568
RMAQCQHECORAL
Active
O2101C18
: Public Sewer
$25,484
2023
Commercial Sale For Sale
3004-3404 HEATHERTON Drive, Davenport, Iowa
0 Acre
$2,448,000
Listing ID #RMAQC4262822
Basic Details
Property Type : Commercial Sale
Listing Type : For Sale
Listing ID : RMAQC4262822
Price : $2,448,000
Lot Size : 0 Acre
Property Sub Type : Commercial
Standard Status : Active
Agent info
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