3570-3544 Kimberly Downs Rd Davenport, IA 52807

Property Details for 3570-3544 Kimberly Downs Rd

Year built

1968

Property type

Land

Property subtype

Apartment buildings

Description

This exceptional investment opportunity presents a 24-unit multifamily property ideally situated in Davenport, Iowa, at 3570-3544 Kimberly Downs Road, zip code 52807. The property consists of four adjacent buildings constructed in 1968, each housing six rental units. The unit mix includes twenty-four units total: twenty 2-bedroom units and four 1-bedroom units. Conveniently located just south of Kimberly Road and east of Brady Street Stadium, this complex offers significant potential for investors seeking strong cash flow. The property boasts ample paved off-street parking for residents, along with the added convenience of on-site coin-operated laundry facilities. A significant advantage is the presence of numerous long-term tenants, contributing to consistent occupancy and rental income. Currently managed locally, this property offers a seamless transition for new owners seeking a hands-off approach to property management, while maintaining the potential for increased profitability through various management strategies. The asking price for this well-maintained, high-performing multifamily complex is $1,650,000. This represents a compelling investment opportunity in a desirable Davenport location with proven rental history and strong tenant occupancy. The property's features and location combine to create a stable and lucrative investment prospect.

Location Insight

City

Davenport

County

Scott

State

Iowa

Longitude

-90.559

Latitude

41.5564