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Eastern Iowa Multifamily Portfoli
Davenport, IA Near North Side

$1,625,000 USD

Specialty For Sale  •  4,446 SF

1 Properties View all

Property Details

  • Property Type Specialty
  • Cap Rate 6.86 %
  • Zoning R-4
0 Transit Score
40 Walk Score

Highlights

10 Contiguous Market Assets – Enabling a professional management platform and vendor consolidation across a single metro area
Assumable Debt – Below market financing available, representing significant value to a qualified buyer in today’s elevated interest rate environment
Significant Mark-to-Market Rent Upside – Current in-place rents are substantially below market
Extensive Recent Capital Improvements – Ownership has invested significantly in capital improvements over the past five years
Cap Rate: 6.86 %

Public Transportation

AirportDriveWalkDistance
Quad Cities International 23 min - 11.8 mi

Parking Details

Parking Available: Yes
Reserved: No
Type: Surface
Included in Rent: Yes
Max Colby 515-249-8355 CBRE
Max Colby 515-249-8355 CBRE