For Sale
$1,795,000
311 3 St Davenport, IL 52801
24-unit apartment building, high cap rate.
Overview
- Added:
- Dec 11, 2024
- Days on market:
- 133
Highlights
- $1,795,000 asking price for a value-add, Class C multifamily property.
- 24-unit apartment building (6 studios, 18 one-bedrooms) with two lower-level commercial units.
- 9.70% cap rate, $174,093 NOI, and 87% occupancy.
- 27,694 square feet on an 11,540 square foot lot in Davenport, IL.
- Four-story building constructed in 1910 with renovations in 2022, 2023, and 2024.
- C-D zoning; For sale by owner, held by an LLC.
Property Details for 311 3 St
- Property type
- Land, Apartment buildings
- Square Feet
- 27,694 SF
- Class
- C
- Year Built
- 1910
- Buildings
- 1
- Stories
- 4
- Units
- 24
Location Insight
- City
- Davenport
- County
- Scott
- State
- Illinois
- Latitude
- 41.522471922595
- Longitude
- -90.577756417139
Nearby Comparable
FAQs
- What type of property is this?
- Land - 24-unit apartment building, high cap rate.
- Where is the land located?
- The property is located at 311 3 St Davenport, IL.
- What is the asking price?
- The asking price for this property is $1,795,000.
- What are key features of this property?
- This property features: $1,795,000 asking price for a value-add, Class C multifamily property.; 24-unit apartment building (6 studios, 18 one-bedrooms) with two lower-level commercial units.; 9.70% cap rate, $174,093 NOI, and 87% occupancy.
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