1905 W. 40th Street
Davenport, IA 52806 ·
119 Units · Multifamily For Sale
|Price||N/A||Property Use Type||Investment|
|No. Units||119||Commission Split||1.6%|
|Building Size||87,328 SF||Cap Rate||10%|
|Property Type||Multifamily||Lot Size||154,509 SF|
|Listing ID: 18325092||Date Created: 08/23/2013||Last Updated: 12/11/2013|
Attractive brick apartment complex with excellent unit mix of efficiencies, 1, 2, and 3-bedrooms. Excellent management and on-site maintenance. Low vacancy rate and nice return. Features management office and owned laundry facilities. Most units are renovated/updated. Second address: 1935 W. 40th Street.
Convenient NW Davenport location just NW of W. Kimberly and N. Division intersection. West Kimberly (Highway 6) is a main east-west arterial thoroughfare linking Davenport and Bettendorf. The IA/IL Quad Cities is located between Chicago and Des Moines on the Mississippi River and the QC area had a population estimate of 382,630 in 2012. It is the largest 300-mile market west of Chicago.
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