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4323 Division St Davenport, IA 52806

119-Unit Value-Add Apartment Complex

Overview

Added:
Dec 11, 2024
Days on market:
132
This exceptional investment opportunity presents the Breckenridge Apartments, a 119-unit multifamily property located at 4323 N Division St, Davenport, IA 52806, in Scott County. Built in 1972, this Class B property comprises five buildings and boasts a remarkable 98% occupancy rate, demonstrating strong tenant demand and immediate cash flow potential. The property's "Value-Add" investment type suggests significant upside through potential renovations and operational improvements. The existing structure provides a solid foundation for enhancing the property's value and rental income. With 119 units spread across five buildings, this complex offers a substantial scale for investors seeking a significant portfolio addition. The property's location in Davenport, Iowa, provides access to a thriving local market and offers potential for further growth. This is an ideal opportunity for investors seeking a stable, high-occupancy multifamily asset with considerable room for value enhancement. The property's strong performance metrics and strategic location make it a compelling investment prospect in the Davenport, Iowa market. Detailed financial information and property specifics are available upon request.

Highlights

  • Exceptional 340-unit multifamily community in a prime location.
  • Strong historical occupancy and rental rates, demonstrating consistent performance.
  • Recently renovated units featuring modern amenities and finishes.
  • Attractive unit mix catering to a diverse resident base.
  • Excellent access to major employment centers and transportation options.
  • Significant value-add opportunities through future capital improvements.

Property Details for 4323 Division St

Property type
Apartment buildings
Class
B
Year Built
1972
Buildings
5
Units
119

Location Insight

City
Davenport
County
Scott
State
Iowa
Latitude
41.564792232884
Longitude
-90.599635850877

FAQs

What type of property is this?
Apartment building - 119-Unit Value-Add Apartment Complex
Where is the apartment building located?
The property is located at 4323 Division St Davenport, IA.
What are key features of this property?
This property features: Exceptional 340-unit multifamily community in a prime location.; Strong historical occupancy and rental rates, demonstrating consistent performance.; Recently renovated units featuring modern amenities and finishes.
How can I contact the broker?
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4323 Division St
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