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W 4th Street Apartments 2042-2046 W 4th St 8 Unit Apartment Building $440,000 ($55,000/Unit) 8.11% Cap Rate Davenport, IA 52802
Investment Highlights
- Over $200,000 invested in recent capital improvements
- All 8 A/C units and 8 furnaces have been recently replaced
- All units have been fully renovated, featuring new kitchen cabinets and countertops, updated appliances, new vinyl flooring, new light fixtures, and f
- Residents pay in-unit gas/electric and water/sewer. Owner pays trash and common area utilities
Executive Summary
Year Built - 1920
Year Renovated - 2022
Number of Units - 8
Unit Mix - All 1BR/1BA
Avg. In Place Rents - $691
Parking - Surface
Heating - Individual furnace
Cooling - Central A/C
Water Heater - Individual
Appliances - Fridge and range
2026 Assessed Value - $446,490
Year Renovated - 2022
Number of Units - 8
Unit Mix - All 1BR/1BA
Avg. In Place Rents - $691
Parking - Surface
Heating - Individual furnace
Cooling - Central A/C
Water Heater - Individual
Appliances - Fridge and range
2026 Assessed Value - $446,490
Property Facts
| Price | $440,000 | Apartment Style | Garden |
| Price Per Unit | $55,000 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.12 AC |
| Cap Rate | 8.11% | Building Size | 4,828 SF |
| No. Units | 8 | No. Stories | 2 |
| Property Type | Multifamily | Year Built/Renovated | 1920/2022 |
| Property Subtype | Apartment |
| Price | $440,000 |
| Price Per Unit | $55,000 |
| Sale Type | Investment |
| Cap Rate | 8.11% |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 0.12 AC |
| Building Size | 4,828 SF |
| No. Stories | 2 |
| Year Built/Renovated | 1920/2022 |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 8 | - | - |
1 1
Fairly walkable
50/100
Exceptionally drivable
90/100
Minimal public transit
10/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | H0064-46 | Improvements Assessment | $431,340 |
| Land Assessment | $15,150 | Total Assessment | $446,490 |
Property Taxes
Parcel Number
H0064-46
Land Assessment
$15,150
Improvements Assessment
$431,340
Total Assessment
$446,490
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