3570-3544 Kimberly Downs Rd Davenport, IA 52807

Property Details for 3570-3544 Kimberly Downs Rd

Year built

1968

Lot size

0.87 lot acres

Property size

5,148 SF

Property type

Commercial real estate

Description

This exceptional investment opportunity presents a 24-unit multifamily complex ideally situated in Davenport, Iowa. The property, encompassing 5,148 square feet on a 0.87-acre lot, consists of four adjacent buildings, each housing six rental units. The unit mix includes sixteen two-bedroom units and eight one-bedroom units, providing a diverse tenant base. The complex boasts convenient paved off-street parking, significantly enhancing tenant appeal and satisfaction. A well-maintained on-site coin-operated laundry facility adds to the property's income-generating potential and resident convenience. The property benefits from a history of long-term tenants, contributing to consistent occupancy rates and predictable cash flow. Currently managed locally, the property offers a seamless transition for new ownership, allowing for continued hands-off operation and maximizing return on investment. Its prime location, just south of Kimberly Road and east of Brady Street Stadium, provides excellent visibility and accessibility. The asking price of $1,650,000 represents a compelling investment opportunity in a thriving Davenport market. This property is well-suited for investors seeking a stable, high-yield asset with minimal management demands. The existing infrastructure and strong tenant base provide a solid foundation for continued success and future growth. The property's size and layout offer potential for further value enhancement through strategic upgrades or renovations.

Location Insight

City

Davenport

County

Scott

State

Iowa

Longitude

-90.559

Latitude

41.5564