Listed by NAI Ruhl Commercial Company
$1,250,000
1429 BRADY Street
Details
APN G0024-15
Property Type Multifamily
Sub Type Apartment Building, Duplex/Triplex/Quadruplex
Square Footage 26,963
Units 40
Year Built 1900
Buildings 5
Acreage 1.090
Zoning C-T
Multifamily | 40 Units
Marketing description
Portfolio includes five Davenport investment properties totaling 40 residential units generating a combined NOI of approximately $104,853 with an 8% average cap rate. Property and parcel details: 413 W. 6th St (Parcel G0054-22) – 11 units, Zoned R-MF; 1429 Brady St (Parcel G0024-15) – 7 units, Zoned C-T; 1816 Davenport Ave (Parcel F0004-31) – 4 units, Zoned R-MF; 805 W. 2nd St (Parcel L0014-11) – 13 units, Zoned I-MU; 709 Perry St (Parcel G0041-14) – 5 units, Zoned R-MF. Strategic locations throughout Davenport’s core residential and commercial districts, near Palmer College of Chiropractic, downtown amenities, and major commuter routes including Brady Street (U.S. 61) and E. Locust Street.
Listing Contacts
Listed by NAI Ruhl Commercial Company
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