2705 North Lincoln Avenue Davenport, IA 52804

Building Details

Year Built

1976

Listing agency Ruhl&Ruhl REALTORS Bettendorf r***@ruhlhomes.com Show Phone

Listed by Ray McDevitt · License #S37513000/475.141975 Show Phone

Source Compass

Added: May 14 Updated: Jul 20 at 9:46PM Checked: Jul 20 at 9:46PM

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Investment Insights

Based on property information with market context.

This well-maintained six-unit apartment building is currently full and managed for steady income. The property features four two-bedroom units and two one-bedroom units. Tenants are responsible for gas, electric, and water, while the owner pays sewer and trash. Onsite coin laundry provides additional monthly revenue.

Recent improvements include a new roof, siding, and windows, and all units are up to date on city rental inspection. The current rental inspection status and completed exterior updates support a turn-key setup for an incoming owner.

Units are configured as four two-bedroom apartments plus two one-bedroom apartments, with the building’s operating expenses split between tenant utilities and owner-paid sewer and trash.

Key Highlights

• 6‑unit apartment building (built 1976) currently fully occupied
• Unit mix: four 2‑bedroom units and two 1‑bedroom units
• Current rents: 2BR at $850/month and 1BR at $775/month

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FAQs

What type of property is this?

Apartment building - Six-unit apartment building with four two-bedroom and two one-bedroom units, currently fully occupied.

Where is this apartment building located?

The property is located at 2705 North Lincoln Avenue Davenport, IA.

What is the asking price?

The asking price for this property is $485,000.

What are key features of this property?

This property features: 6‑unit apartment building (built 1976) currently fully occupied; Unit mix: four 2‑bedroom units and two 1‑bedroom units; Current rents: 2BR at $850/month and 1BR at $775/month