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Garrett Johnson

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

$259,000

Est. payment - /mo

5,456 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 5,456 sqft

Price per Sqft $47

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

Area Davenport

Interior

Flooring Tile, Wood

Fireplace N

Building

Dwelling Type Multi Family 5+

Water Municipal Water

Structure Type Brick,Frame,Vinyl Siding

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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

413 W 6TH ST Davenport, IA 52803

Garrett Johnson

Key Details

Location

Interior

Building

Nearby School & Business

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