3920 W 13th St - Apartments FOR SALE


Davenport, IA 52804- Northwest Davenport
$375,000 USD
309-721-3288
3920 W 13th St, Davenport, IA for Sale
$375,000 USD
Apartments - FOR SALE
1/3
null | 9% Cap Rate

3920 W 13th St
Davenport, IA 52804
Northwest Davenport


OVERVIEW

This updated four-plex with under-unit garages offers an excellent opportunity for an investor or owner-occupant, offering a 9% cap rate with vacancy already factored in. Three of the four units have been recently renovated, and three units are currently occupied with paying tenants. A coin-operated laundry provides added convenience and potential income. Major improvements include a new roof installed in 2023 and two furnaces replaced in 2022. The property is conveniently located near the fairgrounds, schools, and local dining options.

FOR SALE DETAILS

PRICE

$375,000 USD

PRICE/SF

$130 USD /SF

# OF UNITS

4

PRICE/UNIT

$93,750

CAP RATE

9%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1981

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.18 AC

LAND SF

7,841 SF

ZONING

-

APN/PARCEL ID

S2923B06

ASK ABOUT THIS PROPERTY

Kerry PanozzoHomeSmart Residential and Commercial RealtyMore Info
309-721-3288

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Kerry PanozzoHomeSmart Residential and Commercial RealtyMore Info
309-721-3288

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