- New Listing
- Price Reduced( )
Investment sale of Timberland Ridge Apartments consisting of 100 units of affordable housing located in Northwest Davenport, IA just south of interstate 80 and West of Northwest Blvd. Situated on 2 legal parcels zoned R-5M totaling 7.23 acres. Property is in fair to average condition. For sale at $2,165,000 based upon FY 2015 NOI of $162,394 / 7.5% CAP rate. Property currently 95% occupied.