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Listed by Shawn Langanof NAI Ruhl Commercial Company
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Est. payment | /mo
5,394 SqFt
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Est. payment | /mo
5,394 SqFt
Key Details
Property Type Commercial
Sub Type Multi Family 5+
Listing Status Active
Purchase Type For Sale
Square Footage 5,394 sqft
MLS Listing ID QC4268836
Year Built 1900
Annual Tax Amount $3,650
Tax Year 2024
Lot Size 10,454 Sqft
Lot Dimensions 10500 SF
Property Sub-Type Multi Family 5+
Property Description
Seven-unit commercial investment property positioned along Davenport's primary north-south corridor (U.S. Route 61 Business/Brady Street). Fully occupied and generating a Net Operating Income of $21,676. 5,394 SF brick building on 0.24 acres with strong corridor visibility near downtown Davenport and major arterials. Tenants are responsible for electric service in their units, while ownership covers water, sewer, and trash. Property features rear access off E. 15th Street, providing convenient parking and service entry. A solid asset ideal for investors seeking stabilized cash flow.
Location
State IA
County Scott
Interior
Cooling Central Air
Flooring Other, Tile
Fireplace N
Exterior
View Y/N true
Building
Water Municipal Water
Structure Type Brick
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