3539-3553 Heatherton Dr - Apartments FOR SALE


Davenport, IA 52804- Northwest Davenport
$1,700,000 USD
515-314-1715
3539-3553 Heatherton Dr, Davenport, IA for Sale
$1,700,000 USD
Apartments - FOR SALE
1/11
null | 8.41% Cap Rate

3539-3553 Heatherton Dr
Davenport, IA 52804
Northwest Davenport


OVERVIEW

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.

FOR SALE DETAILS

PRICE

$1,700,000 USD

PRICE/SF

$45 USD /SF

# OF UNITS

24

PRICE/UNIT

$70,833

CAP RATE

8.41%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Heatherton Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1975

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.76 AC

LAND SF

33,106 SF

ZONING

-

APN/PARCEL ID

O2101A13,O2101A14

ASK ABOUT THIS PROPERTY

David EckleyCBREMore Info
515-314-1715

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David EckleyCBREMore Info
515-314-1715

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.