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.
3004-3404 HEATHERTON Drive Davenport, IA 52804
Featured
For Sale
3004-3404 HEATHERTON Drive
Davenport, IA 52804
Price: $2,448,000
Type:
Commercial Sale
Commercial
Lot Size (Acres): 1.32
Agent:
Alix Holliday
Agent Phone: 563-344-4295
Agent Email: aholliday@thehawkeyegroup.com
Broker:
Hawkeye Commercial Real Estate
Broker Phone: 563-344-4295
Broker Email: dgellerman@thehawkeyegroup.com