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Garrett Johnson

homesbygarrett@gmail.com +1(847) 337-1157

$225,000

Est. payment - /mo

5,394 SqFt

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Key Details

Property Type Multi-Family

Sub Type Multi Family 5+

Listing Status Active

Purchase Type For Sale

Square Footage 5,394 sqft

Price per Sqft $41

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

Area Davenport

Interior

Cooling Central Air

Flooring Other, Tile

Fireplace N

Building

Dwelling Type Multi Family 5+

Water Municipal Water

Structure Type Brick

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Listed by Shawn Langan of NAI Ruhl Commercial Company

Nearby School & Business

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Garrett Johnson

+1(847) 337-1157

Agent | License ID: 475.188206

Agent License ID: 475.188206

1429 BRADY ST Davenport, IA 52803

Garrett Johnson

Key Details

Location

Interior

Building

Nearby School & Business

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