RE/MAX Concepts Bettendorf
Listed by RE/MAX Concepts Bettendorf
$380,000
2704 MAGNOLIA Drive
Details
APN 842005316
Property Type Multifamily
Sub Type Apartment Building, Duplex/Triplex/Quadruplex
Square Footage 4,500
Units 5
Cap Rate 9.00%
NOI $37,557
Year Built 1964
Stories 2
Acreage 0.250
Multifamily | 9.00% CAP | 5 Units
Marketing description
5-unit investment opportunity in Bettendorf. Updated units, recent roof and exterior improvements, all spacious 2-bedroom layouts, and one vacant unit providing immediate upside through lease-up. Opportunity to increase cash flow through basement finishing and rent optimization.
Listing Contacts
RE/MAX Concepts Bettendorf
Listed by RE/MAX Concepts Bettendorf
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$37,557.00
$3,129.75/mo
Valuation Metrics
0
DSCR
9.88%
Cap Rate
9.88%
ROI
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