400 W River Dr - Apartments FOR SALE


Davenport, IA 52801- Downtown Davenport
$11,000,000 USD
515-249-8355
400 W River Dr, Davenport, IA for Sale
$11,000,000 USD
Apartments - FOR SALE
1/7
null | 6.14% Cap Rate

400 W River Dr
Davenport, IA 52801
Downtown Davenport


HIGHLIGHTS

  • Strong Rental Demand
  • Significant Rent Upside
  • Elevated Modern Interiors
  • High End Luxury Finishes
  • Rooftop Patio and Lounge
  • Centrally Located in Business District

OVERVIEW

CBRE is pleased to present to qualified investors the opportunity to acquire 400 River, a luxury apartment complex built in 2022 comprised of 55 market rate rental units located right in downtown Davenport, Iowa. These units offer a high level of amenities including an oversized roof top patio overlooking the Mighty Mississippi River and downtown, covered parking spaces, private unit balconies, luxury vinyl plank flooring, in unit laundry, and Mississippi River views from every residential unit.

FOR SALE DETAILS

PRICE

$11,000,000 USD

PRICE/SF

$215 USD /SF

# OF UNITS

55

PRICE/UNIT

$200,000

CAP RATE

6.14%

% LEASED

94%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

400 River

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

4

YEAR BUILT

2022

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.55 AC

LAND SF

24,098 SF

ZONING

C-D

APN/PARCEL ID

L0011-16A

ASK ABOUT THIS PROPERTY

Max ColbyCBREMore Info
515-249-8355

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Max ColbyCBREMore Info
515-249-8355

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