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3920 W 13th St 4 Unit Apartment Building $375,000 ($93,750/Unit) 9% Cap Rate Davenport, IA 52804
EXECUTIVE SUMMARY
This updated four-plex with under-unit garages offers an excellent opportunity for an investor or owner-occupant, offering a 9% cap rate with vacancy already factored in. Three of the four units have been recently renovated, and three units are currently occupied with paying tenants. A coin-operated laundry provides added convenience and potential income. Major improvements include a new roof installed in 2023 and two furnaces replaced in 2022. The property is conveniently located near the fairgrounds, schools, and local dining options.
PROPERTY FACTS
| Price | $375,000 | Property Subtype | Apartment |
| Price Per Unit | $93,750 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.18 AC |
| Cap Rate | 9% | Building Size | 2,880 SF |
| No. Units | 4 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1981 |
| Price | $375,000 |
| Price Per Unit | $93,750 |
| Sale Type | Investment |
| Cap Rate | 9% |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | C |
| Lot Size | 0.18 AC |
| Building Size | 2,880 SF |
| No. Stories | 2 |
| Year Built | 1981 |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 4 | - | - |
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PROPERTY TAXES
| Parcel Number | S2923B06 | Improvements Assessment | $163,410 |
| Land Assessment | $20,130 | Total Assessment | $183,540 |
PROPERTY TAXES
Parcel Number
S2923B06
Land Assessment
$20,130
Improvements Assessment
$163,410
Total Assessment
$183,540
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3920 W 13th St
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