1815 & 1825 W 40TH Street , Davenport, IA 52806 | Davenport Home For Sale and Real Estate

1815 & 1825 W 40TH Street , Davenport, IA 52806

$1,050,000   

  • Sold
  • MLS# 4174887
  • Income Property
  • $1,250,000Listed Price
  • $1,050,000Sold Price
  • 35Active Days On Market
  • 3Beds
  • 2Baths
  • 31134Sqft
  • Apartment BuildingStyle
  • 2Baths
  • 1.198Acres
  • 31134Sqft
  • 1.198Acres
  • ScottCounty

1815 & 1825 W 40TH Street

Davenport, IA 52806

$1,050,000


  • Sold
  • MLS# 4174887
  • Income Property
  • Listed Price $1,250,000
  • Sold on 09/08/2016
  • Active Days on market 35
  • 3Beds
  • 2Baths
  • 31134Sqft
  • Apartment BuildingStyle
  • 2Baths
  • 1.198Acres
  • 31134Sqft
  • 1.198Acres
  • ScottCounty


  • New Listing
  • Price Reduced( )
Davenport Real Estate For Sale! Rare 12% Cap Investment Opportunity in Highly Desirable Location!!! Currently 10.3% Cap without counting any Rent for Office nor for Four Garages! Annual Net Operating Income of $129,343 Right Now!!! Established, Low Vacancy BRICK Apartment Complex with 24 (2x12) Units each with Three-Bedrooms, Two-Baths, Fireplace and Available Garage! Tenants Pay Separately Metered Electric Heat & AC, Landlord Pays Common Water/Sewer/Gas. Additional Income: Garage Stalls Rented at $50 each/Mo.; Pets $50 each/Mo. 3rd Party Managed Coin-Operated Laundry in each building yields % Income to Landlord of $45/month. Onsite Maintenance Man. All Roofs Replaced in 2008! Priced for Quick Sale!!!
Subdivision Carlton Apartments
Bedrooms 3
Bathrooms Full: 2  3/4: 0  Half: 0
Lot Size 290 x 180
Lot Style Level
Style Apartment Building
Taxes(Est) 32546.00
Year Built 1967
Square Footage 31134
Finished Bsmt Sq.Ft.
County Scott
High School Davenport
Foreclosure
Exterior(Est) Brick
Exterior Amenities Security Lighting
Interior Features Cable TV Availabe, Unfurnished
Roofing Composition
Water/Sewer Public Sewer,Public Water
Heat/Cool
Basement None
Appliances Refrigerator, Range/Oven
No of Fire places
Fireplace
Kitchen/Dining Remarks
Additional Amenities

Listing originally offered by : Lucky Lang , Mel Foster Co. I74
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