1731 6th St Davenport, IA 52802-1024

This exceptional Davenport, IA investment opportunity presents a rare chance to acquire a thriving mixed-use property at 1731 W 6th Street, encompassing a well-established restaurant/bar, three income-generating apartments, and a separate single-family home. The 3,577 square foot main building, completely renovated in 2022 following a fire, boasts a 2,205 square foot turnkey restaurant/bar, fully equipped with a Vulcan range, auto-fry machine, walk-in cooler, and all furniture, fixtures, and equipment. The restaurant's high-profile location and large parking lot (40 spaces) with a covered patio ensure strong potential for continued success. Above the restaurant are three apartments currently rented month-to-month, generating rental income of $600, $650, and $750 respectively. An additional 1,240 square foot, three-bedroom, one-bathroom single-family home at 1727 W 6th Street, also rented month-to-month for $750, is included in the sale. The property sits on a 0.32-acre lot and is zoned for mixed use, offering flexibility for future development. The combined net rentable square footage is 3,446. This property is a unique opportunity for an investor seeking a diversified portfolio with immediate cash flow and significant upside potential. The two buildings were constructed in 1896. The asking price is $525,000. APN: H0053-14