CBRE is pleased to offer the opportunity to acquire Heatherton Apartments, a 24-unit apartment community in Davenport, Iowa. Davenport is the 3rd largest city in the State of Iowa and the largest in the Quad Cities metro with a population of over 100,000 people. Davenport serves as the primary economic engine for the MSA of over 400,000 people.
Built in 1975 and renovated in 2022, Heatherton Apartments consists of two buildings featuring 2 studios, 10 one-bedroom, one-bathroom floor plans and 12 two-bedroom, one-bathroom floor plans. All units have been fully renovated to include stainless steel appliances, LVP flooring, new countertops, new lighting fixtures and new plumbing fixtures. Additionally, there have been significant exterior capital improvements recently completed.
The property is conveniently located near Wal-Mart, just 1.3 miles north of Davenport West High School, and across the street from the Library, Community Center, and the Scott Community College West Campus.