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Listed by Shawn Langanof NAI Ruhl Commercial Company
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Est. payment /mo
5,456 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Multi Family 5+
Listing Status Active
Purchase Type For Sale
Square Footage 5,456 sqft
MLS Listing ID QC4268838
Year Built 1900
Annual Tax Amount $4,730
Tax Year 2024
Lot Size 0.260 Acres
Lot Dimensions 11250 SF
Property Sub-Type Multi Family 5+
Property Description
Eleven-unit commercial investment property located within Davenport's core corridor near downtown and Palmer College of Chiropractic. The property is fully occupied and generates a Net Operating Income of $19,925. 5,456 SF brick structure on 0.26 acres, featuring efficient unit layouts, stabilized tenancy, and steady operating performance. Tenants are responsible for electric service in their units, while ownership covers water, sewer, and trash. Excellent proximity to downtown amenities and major arterials. Income-producing asset ideal for private or portfolio investors seeking stabilized Quad Cities multifamily/commercial holdings.
Location
State IA
County Scott
Interior
Flooring Tile, Wood
Fireplace N
Exterior
View Y/N true
Building
Water Municipal Water
Structure Type Brick,Frame,Vinyl Siding
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