321 8th St, Bettendorf, IA 52722

This property is a lucrative investment opportunity for those seeking to add a multi-use investment to their portfolio. This property offers 8,280 square feet across 8 units and includes a spacious attached, heated 3-car garage. Quality brick building with 4 office spaces and 4 apartment units. Many recent updates: some new windows, new fence, and 2 freshly remodeled apartments. The property provides a promising income outlook which features a net operating income of $28,481 annually and a cash flow of $5,268; creating solid financial metrics including a cap rate of 6.8% and cash on cash return of 5.0% in the first year. The buy and hold projection show cases impressive growth, with potential gross rents climbing to $80,244 by year 10. Don’t miss out on this opportunity for a smart investment in a thriving area. Schedule E unavailable.