3004-3404 HEATHERTON DR Active Save Request In-Person Tour Request Virtual Tour
Davenport,IA 52804
Key Details
Property Type Commercial
Sub Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 31,200 sqft
Price per Sqft $78
MLS Listing ID QC4262822
Annual Tax Amount $25,484
Tax Year 2023
Lot Size 1.320 Acres
Property Sub-Type Commercial
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.
Location
State IA
County Scott
Area Qcara Area
Zoning M
Interior
Heating Forced Air,Natural Gas
Cooling Central Air
Flooring Carpet,Tile
Exterior
View true
Roof Type Composition Shingle,Sloped
Building
Sewer Public Sewer
Water Municipal/City
Structure Type Aluminum Siding,Brick,Frame