Property Description
Welcome to this property located in Davenport, IA. Built in 1900. this home is offered at $259,000.
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.
The property sits on a 11250 SF lot.
Utilities include municipal water water.
Located in Scott County.
Annual property taxes are $4,730 (as of 2024).
- Principal and Interest
- Property Tax
- HOA fee
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