If you’re looking for a fantastic investment, look no further! Right in the heart of Bettendorf, this turnkey 10-unit apartment building has been completely renovated. Each apartment comes with 2 bedrooms, 1 bathroom, & 2 parking spaces. It’s been updated with all modern fixtures, including new furnaces & central air units. There’s a laundry room with coin-operated machines, & each unit has a storage cage in the basement. Plus, there are separate gas & electric meters for each unit. Current market rate for rent is $995 plus utilities. The location is super convenient too, close to schools & right near I-74, so getting around is a breeze. Projected income for the property stands at $133,490 with rent, laundry, pet fees, & utility recovery offering strong cash flow. There’s also an opportunity for value add, with raw space that can be converted into an additional 1-bed apartment for an estimated $70k, potentially generating $775-800 in monthly rent. With full occupancy anticipated in weeks, this property is read to deliver solid returns! Seller is a REALTORĀ® Licensed in IA, IL & FL.
2440 SHAKER Court Bettendorf, IA 52722-3182
1729 5TH Avenue Moline, IL 61265-1371
Seize the chance to own a piece of Moline’s history with the renowned Knox Building, a cornerstone property at the intersection of 5th Ave & 18th St. This fully rented, mixed-use building has 3 commercial spaces on the main level & a 4-bed loft apt occupying the entire 2nd floor. There’s also a standalone commercial space. 2 long-term commercial tenants have been there for over 20yrs, ensuring stability in rental income. As one of the stops on the city’s historic tour, this recently renovated property combines charm & modern amenities. The property’s location in the heart of downtown Moline provides excellent visibility & access, making it a highly desirable spot for both retail & residential tenants. With a total projected income of $67k+/yr, this property offers a healthy cash flow & a solid investment. Don’t miss this opportunity to own a piece of Moline’s history while enjoying steady returns. Newer furnaces & gutters. Off-street parking for tenants & customers. Seller is a REALTORĀ® Licensed in IA, IL & FL