1634 Locust St Davenport, IA 52804

This exceptional investment property, located at 1634 W Locust Street in Davenport, Iowa, presents a unique opportunity to acquire a mixed-use building with significant upside potential. Built in 1920, the 2,500 square foot building boasts a versatile layout, currently configured as office/retail space and two residential apartments, each featuring one bedroom and one bathroom. The property benefits from excellent street visibility and high traffic counts due to its proximity to the Five Points intersection. Currently, one basement tenant occupies the space on a month-to-month lease, generating $325 in monthly income. The main floor commercial space and both apartments are available for immediate occupancy, offering the potential for substantial rental income growth. Historical data indicates a previous total monthly rental income of $2,900 when fully occupied. The owner is responsible for gas and water utilities, with average monthly costs approximating $313 when fully leased. The building features multiple entrances, providing convenient access for various tenants. Rear parking is also available. This property is zoned for commercial and residential use, making it an ideal investment for both seasoned and new investors seeking a strong return on investment in a desirable Davenport location. The asking price is $154,900.