2424 40Th Ave Moline, IL 61265
- Commercial real estate
- 12,992 SF
Current Use by Public Records
- Ephphatha Consulting Services / Counselor / Mental Health Clinic
- Midwest Massage Therapy / Massage Therapist
- Quad City Photo Booth / Entertainer / Wedding Photographer
- Benton K. Johnson II , PHD / Counselor / Therapists
- Comedy Hypnosis All Stars / Comedy Club / Hypnotherapy Service
Property Details for 2424 40Th Ave
- Year built
- 1969
- Construction
- FRAME
- Property size
- 12,992 SF
- Zone code
- MOL
- Property type
- Commercial real estate
- APN
- 17-09-309-012
- APU
- 1709309012
Description
This exceptional investment opportunity presents a portfolio of six multifamily buildings located in Moline, Illinois, encompassing a total of approximately 32,480 to 40,000 square feet. Built in 1977, these properties are situated across multiple addresses in Moline and Silvis, within Rock Island County, and boast a combined substantial rental income, generating nearly $370,000 in gross revenue in 2023. The portfolio includes a mix of commercial and residential spaces, offering diverse income streams. The properties have seen a significant increase in occupancy rates under the current ownership. Furthermore, these well-maintained buildings represent a compelling investment prospect for those seeking a stable and profitable multifamily portfolio in a desirable location. The asking price for this entire portfolio is $3,800,000. The properties are offered for sale by owner. Specific addresses include 2424 40th Ave, 3902 25th St, 4002 25th St, 4004 25th St, 4006 25th St in Moline, and 729 11th St in Silvis, all within zip codes 61265 and 61282.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Moline
- County
- Rock Island
- State
- Illinois
- Longitude
- -90.5027
- Latitude
- 41.4718
- CBSA code
- 19340
- CBSA name
- DAVENPORT-MOLINE-ROCK ISLAND, IA-IL METROPOLITAN STATISTICAL AREA
