601-615 61St St Davenport, IA 52806

Property Details for 601-615 61St St

Lot size

1.18 lot acres

Property size

4,992 SF

Property type

Commercial real estate

Description

This exceptional multifamily investment opportunity encompasses two six-unit buildings situated at 601-615 W 61st Street, Davenport, Iowa. Boasting a combined total of 4,992 square feet on a spacious 1.18-acre lot, this property presents a compelling chance for significant returns. The buildings are ideally located in North Davenport, providing convenient access to a variety of restaurants, major retail establishments, and the interstate. Each building features six units, all recently renovated to a high standard. Recent capital expenditures include the complete renovation of all units, installation of new decks on each unit, and the replacement of both buildings' roofs and siding. This ensures minimal maintenance needs and long-term value. A shared parking lot provides ample off-street parking for all tenants, enhancing the property's desirability. Adding to the convenience, both buildings include shared laundry facilities. The property's proximity to a public park further enhances its appeal. The strong rental history of these properties demonstrates their consistent income generation potential, making this an attractive investment for discerning buyers seeking a stable and profitable venture in a desirable location. The asking price is $696,000.

Location Insight

City

Davenport

County

Scott

State

Iowa

Longitude

-90.5813

Latitude

41.5826