620 N Perry St - Apartments FOR SALE


Davenport, IA 52803- Central Davenport
$549,000 USD
319-572-7468
620 N Perry St, Davenport, IA for Sale
$549,000 USD
Apartments - FOR SALE
1/15
null | 12.56% Cap Rate

620 N Perry St
Davenport, IA 52803
Central Davenport


OVERVIEW

Investment Opportunity: Multi-Family Property Near Palmer College Located at 620 N Perry St, Davenport, IA 52803, this property offers a unique investment opportunity in a prime location. The offering includes two buildings: 626 Perry St: An 8-unit building comprising four one-bedroom, one-bath units, and four studio units. 620 Perry St: A 4-unit building featuring studio apartments with garage stalls below. Total Units: 12 Total Living Area: Approximately 5,286 sq ft Year Built: 1920 Parking: Garage stalls available for tenants Location: Close proximity to Palmer College, enhancing rental appeal Its strategic location near educational institutions and the variety of unit types make it an attractive option for investors seeking rental income opportunities. Additional Information: Zoning: Multi-family residential Utilities: Utilities are included except Tenant pays electricity. This property presents a compelling opportunity for investors looking to expand their portfolio with a multi-unit residential property in a desirable location.

FOR SALE DETAILS

PRICE

$549,000 USD

PRICE/SF

$65 USD /SF

# OF UNITS

12

PRICE/UNIT

$45,750

CAP RATE

12.56%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1940

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.45 AC

LAND SF

19,712 SF

ZONING

CMF

APN/PARCEL ID

G0056-13

ASK ABOUT THIS PROPERTY

Gene DelPreoreGTA Old Town LLCMore Info
319-572-7468

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Gene DelPreoreGTA Old Town LLCMore Info
319-572-7468

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