3004-3404 Heatherton Drive

Davenport, IA

Property Details

This fully occupied 36-unit apartment portfolio in Davenport, Iowa, consists of six buildings, each with six remodeled units, including 24 two-bedroom and 12 one-bedroom apartments. All units feature electric appliances, new water heaters, gas furnaces, and central air. The properties offer private, well-lit off-street parking, and recent exterior updates, including landscaping, enhance their curb appeal. Valued at an 8.5% CAP rate, the portfolio offers value-add potential, with many tenants having rented for over a decade. Financials are available upon request, and all offers require pre-approval and are limited to qualified buyers.

MLS#: QC4262822

Type: Multi-Family, Investment

Address: 3004-3404 Heatherton Drive

City: Davenport

Zip: 52804

County: Scott

Sale Price: $2,448,000

Available SF: 31,200

Approx Acres: 1.32

Annual Taxes: $25,484 / 2021

Zoning: M

Listing Office: Hawkeye Commercial Real Estate