Pershing Hill Lofts 511 Pershing Ave 62 Unit Apartment Building $11,500,000 ($185,484/Unit) Davenport, IA 52803
EXECUTIVE SUMMARY
62-unit luxury loft development in downtown Davenport
Located in an established loft district
Building was entirely redeveloped and renovated in 2016-2017
Off street parking
100% market rate project
Investment opportunity
Located in an established loft district
Building was entirely redeveloped and renovated in 2016-2017
Off street parking
100% market rate project
Investment opportunity
PROPERTY FACTS
| Price | $11,500,000 |
| Price Per Unit | $185,484 |
| Sale Type | Investment |
| No. Units | 62 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | C |
| Lot Size | 0.48 AC |
| Building Size | 110,133 SF |
| No. Stories | 6 |
| Year Built | 1909 |
| Opportunity Zone |
Yes |
| Zoning | M |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Dishwasher
- Disposal
- Microwave
- Washer/Dryer
- Kitchen
- High Speed Internet Access
- Tub/Shower
SITE AMENITIES
- 24 Hour Access
- Wheelchair Accessible
- Package Service
- Storage Space
- Elevator
- Online Services
- Public Transportation
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 8 | - | 502 - 599 |
| 1+1 | 54 | - | 673 - 1,018 |
1 of 1
Walk Score®
Very Walkable (80)
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $3,959,960 | |
| Land Assessment | $72,240 | Total Assessment | $4,032,200 |
