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400 W River Dr
Davenport, IA 52801
400 River · Multifamily Property For Sale
·
55 Units
INVESTMENT HIGHLIGHTS
- Strong Rental Demand
- Elevated Modern Interiors
- Rooftop Patio and Lounge
- Significant Rent Upside
- High End Luxury Finishes
- Centrally Located in Business District
EXECUTIVE SUMMARY
CBRE is pleased to present to qualified investors the opportunity to acquire 400 River, a luxury apartment complex built in 2022 comprised of 55 market rate rental units located right in downtown Davenport, Iowa. These units offer a high level of amenities including an oversized roof top patio overlooking the Mighty Mississippi River and downtown, covered parking spaces, private unit balconies, luxury vinyl plank flooring, in unit laundry, and Mississippi River views from every residential unit.
PROPERTY FACTS
| Sale Type | Investment | Lot Size | 0.55 AC |
| No. Units | 55 | Building Size | 51,046 SF |
| Property Type | Multifamily | Average Occupancy | 94% |
| Property Subtype | Apartment | No. Stories | 4 |
| Apartment Style | Mid-Rise | Year Built | 2022 |
| Building Class | B | Opportunity Zone |
Yes
|
| Zoning | C-D - Commercial | ||
| Sale Type | Investment |
| No. Units | 55 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | B |
| Lot Size | 0.55 AC |
| Building Size | 51,046 SF |
| Average Occupancy | 94% |
| No. Stories | 4 |
| Year Built | 2022 |
| Opportunity Zone |
Yes |
| Zoning | C-D - Commercial |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Balcony
- Disposal
- Washer/Dryer
- Heating
- Kitchen
- Granite Countertops
- Refrigerator
- Oven
- Stainless Steel Appliances
- Range
SITE AMENITIES
- 24 Hour Access
- Controlled Access
- Clubhouse
- Cabana
- Grill
- Wi-Fi
- Roof Terrace
- Elevator
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 10 | - | 597 - 750 |
| 1+1.5 | 20 | - | 1,009 |
| 2+1.5 | 25 | - | 971 - 1,153 |
PROPERTY TAXES
| Parcel Number | L0011-16A | Improvements Assessment | $6,246,180 |
| Land Assessment | $230,240 | Total Assessment | $6,476,420 |
PROPERTY TAXES
Parcel Number
L0011-16A
Land Assessment
$230,240
Improvements Assessment
$6,246,180
Total Assessment
$6,476,420
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