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& Moline IL Rockford Is Rock Island, IL

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For Sale
$2,975,000

58 units in Rock Island and Moline, Illinois.

Property size:
48,843 SF

Property Features for & Moline IL Rockford Is

General Information

Size
48,843 SF

Building Details

Year built
1999

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Listing Contact
Cody Doran
Source: Svnchicago

Listing Agent: Cody Doran

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

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Overview

Multifamily Portfolio in Quad Cities

This portfolio features 58 multifamily units located in Rock Island and Moline, Illinois, presenting an opportunity for investors. The properties have a solid rental history and are situated in a desirable location. The units are mostly one-bedroom apartments and are spacious. Many recent capital improvements have been completed. The properties are in close proximity to each other. The properties have in-place RUBS. The properties are below replacement cost. The properties are in close proximity to major employers, schools and entertainment. The Quad Cities area, encompassing Davenport and Bettendorf in Iowa, and Rock Island, Moline, and East Moline in Illinois, is known for its riverfront, arts scene, and history. The area offers cultural attractions, including museums, theaters, and music festivals. With parks, riverboat cruises, and downtown districts, the Quad Cities provide a mix of urban amenities and natural beauty. Its central location and economy make it an attractive destination for residents and businesses. There is upside potential by raising rents to market and increasing capacity. The total property size is 48843 square feet.
Location Intelligence

Current Use by Public Records

Apartment buildings

Map

City
Rock Island
County
Rock Island
State
Illinois
Longitude
-90.5787476
Latitude
41.5094771

FAQs

What type of property is this?
Apartment building - 58 units in Rock Island and Moline, Illinois.
Where is this apartment building located?
The property is located at & Moline IL Rockford Is Rock Island, IL.
What is the asking price?
The asking price for this property is $2,975,000.
What are key features of this property?
This property features: - Portfolio of 58 multifamily units in Rock Island and Moline, IL; - Upside potential through raising rents to market rates and increasing capacity; - Below replacement cost
More about this property
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