Apartment Buildings /IA /Scott County /Davenport /1003-1011 W Locust St
Apartment Buildings /IA /Scott County /Davenport /1003-1011 W Locust St

1003-1011 W Locust St - Apartments FOR SALE


Davenport, IA 52804- Central Davenport | 
$625,000 USD
515-314-1715
1003-1011 W Locust St, Davenport, IA for Sale
$625,000 USD
Apartments - FOR SALE
1/11
null | 8.02% Cap Rate
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1003-1011 W Locust St
Davenport, IA 52804
Central Davenport

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HIGHLIGHTS

  • Tenants pay gas & electric; RUBS implemented for water & sewer
  • Three blocks from St. Ambrose University
  • Less than a mile from MercyOne Genesis Medical Center, Assumption High School, and Central High School
  • Coin-operated laundry in both buildings

OVERVIEW

Year Built - 1947 Number of Units - 12 Occupancy - 100% Unit Mix - 1-Studio; 11-1BR/1BA Avg. In Place Rents - $683 Parking - Surface Heating - Individual furnace Cooling - Window A/C Water Heater - Common Appliances - Fridge and range 2026 Assessed Value - $716,110

FOR SALE DETAILS

PRICE

$625,000 USD

PRICE/SF

$61 USD /SF

# OF UNITS

12

PRICE/UNIT

$52,083

CAP RATE

8.02%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

W Locust Street Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1947

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.69 AC

LAND SF

29,948 SF

ZONING

-

APN/PARCEL ID

G0002-04,G0002-05

ASK ABOUT THIS PROPERTY

David EckleyCBREMore Info
515-314-1715

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David EckleyCBREMore Info
515-314-1715

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