Carriage Hill Apartments
44-Units | Available Individually or as a Portfolio
Marketing description
OFFERED INDIVIDUALLY OR AS A PORTFOLIO
Carriage Hill Apartments is a 44-unit multifamily community located in Davenport, Iowa, offering a well-positioned workforce housing opportunity within one of the Quad Cities’ most established residential corridors. Originally built in 1951, the property consists of 44 one-bedroom, one-bath units, offering efficient floorplans that cater to a broad renter demographic and support consistent leasing demand. Positioned near the Village of East Davenport, downtown Davenport, and the Mississippi Riverfront, Carriage Hill benefits from strong connectivity to major employment centers, retail amenities, and lifestyle-driven neighborhood attractions.
The property features a secure-entry building, on-site coin laundry facilities, and detached garage parking, providing added convenience for residents while creating an additional amenity that supports tenant retention and potential ancillary income for ownership. Ownership covers water, sewer, and trash service, while tenants are responsible for gas and electric, creating a straightforward utility structure and simplifying expense management. Additional features including controlled access and courtyard space contribute to stable occupancy and long-term resident appeal. The property’s naturally well-lit unit layouts and functional interiors further enhance livability and support durable rental demand.
Situated within Davenport’s East End neighborhood, Carriage Hill benefits from one of the city’s most desirable and character-rich residential settings. Known for its historic homes, mature tree-lined streets, and proximity to the Mississippi River, the East End provides residents with immediate access to parks, walking trails, and neighborhood conveniences. Popular destinations such as the Vander Veer Botanical Park and the downtown riverfront district offer a blend of dining, entertainment, and recreation, while nearby retail corridors along Locust Street and Duck Creek provide everyday convenience.
As part of the Quad Cities MSA - home to more than 470,000 residents - Carriage Hill benefits from a diverse regional economy anchored by major employers including John Deere, Genesis Health System, UnityPoint Health, Rock Island Arsenal, Amazon, and Tyson Foods. The property is also located near key educational institutions including Palmer College of Chiropractic, St. Ambrose University, and Augustana College, helping support a stable and recurring renter base. With its central infill location, durable unit mix, and proximity to major regional demand drivers, Carriage Hill Apartments presents an attractive opportunity to acquire a well-located multifamily asset in one of Eastern Iowa’s most established rental markets.
Investment highlights
AVAILABLE INDIVIDUALLY OR AS A PORTFOLIO
The QC 100 Portfolio is a 100-unit multifamily offering strategically positioned across Davenport and Bettendorf, Iowa, representing a rare opportunity to acquire immediate scale in two of the Quad Cities’ most established and desirable rental submarkets. The portfolio consists of Carriage Hill Apartments (44 units), Shire Apartments (28 units), and Rivendell Apartments (28 units), offering a combined unit mix of 82 one-bedroom units and 18 two-bedroom units. Shire and Rivendell are practically adjacent in Bettendorf, creating meaningful operational efficiencies through concentrated management and maintenance, while Carriage Hill is located just five minutes away in Davenport’s East End, allowing for streamlined oversight across the full portfolio.
The portfolio features a variety of practical resident amenities including secure-entry buildings, on-site laundry facilities, detached garage parking, and on-site surface parking, creating operational efficiencies while enhancing overall tenant appeal. The utility structures across the assets are straightforward and efficient, with ownership covering select utility expenses while preserving manageable operating structures. The concentrated nature of the portfolio allows investors to achieve immediate economies of scale while maintaining operational flexibility across three strategically assembled assets within tightly connected submarkets.
Situated within some of Davenport and Bettendorf’s most desirable and supply-constrained residential corridors, The QC 100 Portfolio benefits from strong surrounding demographics, highly rated school districts, and immediate proximity to retail, dining, parks, and riverfront recreation. Carriage Hill Apartments is located in Davenport’s East End, one of the city’s most established and character-rich residential neighborhoods, recognized for its walkability, historic charm, and proximity to the Village of East Davenport and downtown Davenport. Shire Apartments and Rivendell Apartments are positioned within Bettendorf, one of Eastern Iowa’s most sought-after communities, known for its strong public infrastructure, quality-of-life amenities, and highly regarded municipal services.
As part of the Quad Cities MSA - home to more than 470,000 residents - The QC 100 Portfolio benefits from a diverse regional economy anchored by major employers including John Deere, Genesis Health System, UnityPoint Health, Rock Island Arsenal, Amazon, and Tyson Foods. The assets are also located near major educational institutions including Palmer College of Chiropractic, St. Ambrose University, and Augustana College, supporting durable rental demand across the market. With immediate scale, concentrated geography, and irreplaceable locations in premier Quad Cities submarkets, The QC 100 Portfolio presents a compelling opportunity to acquire a strategically assembled multifamily portfolio in one of the Midwest’s most stable and desirable rental markets.
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