3547 & 3553 HEATHERTON Drive  Davenport IA 52804

3547 & 3553 HEATHERTON Drive Davenport, IA 52804

3547 & 3553 HEATHERTON Drive
Davenport, IA 52804
Price: $1,752,000
Type: Commercial Sale Commercial
Lot Size (Acres): 0.76
Agent: Alex Kelly
Agent Phone: 563-355-4000
Agent Email: akelly@ruhlcommercial.com
Broker: NAI Ruhl Commercial Company
Broker Phone: 563-355-4000

Two (2) 12-unit apartment buildings (24-units total) recently renovated and For Sale at an 8.3% Cap Rate. Located in a great area just east of N Fairmount Street and less than a half mile from Scott Community College (West Campus). Unit mix includes two (2) studio units, ten (10) 1bd/1ba units, and twelve (12) 2bd/1ba units. Tenants pay separately metered gas and electric. All 24 units received interior renovations in 2022/2023, both buildings had full roof replacements in 2022, windows/doors replaced 2022/2023, mechanicals update in 2023, and balconies rebuilt in 2022. Buildings are in the city’s URTE tax exemption program which freezes the assessed value for 3 years. Great opportunity for a professionally managed and stabilized investment property. Please contact listing agent for current rent roll and financials.