Listed by NAI Ruhl Commercial Company
$375,000
805 W 2ND Street
Details
APN L0014-11
Property Type Multifamily
Sub Type Apartment Building, Duplex/Triplex/Quadruplex
Units 13
Buildings 1
Acreage 0.140
Zoning I-MU
Multifamily | 13 Units
Marketing description
Thirteen-unit commercial investment property located within Davenport’s I-MU (Industrial Mixed Use) district near the downtown core and riverfront. The property is fully occupied and generates a Net Operating Income of $37,681, reflecting an 8.03% cap rate based on current operating performance. ±7,943 SF brick building on ±0.14 acres featuring multi-tenant layouts and consistent occupancy. Ownership provides utilities for this building and charges tenants an additional $50 per month during the months they use window A/C units. Property includes an on-site parking lot accessible from an alley off Brown or Warren Street. Strong visibility and accessibility via downtown arterials. Property is located within the mapped floodplain. Also available as a portfolio: 413 W. 6th St (G0054-22) • 1429 Brady St (G0024-15) • 1816 Davenport Ave (F0004-31) • 805 W. 2nd St (L0014-11) • 709 Perry St (G0041-14). Entire portfolio offered collectively for $1,250,000, representing approximately a 5% savings compared with individual pricing.
Listing Contacts
Listed by NAI Ruhl Commercial Company
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