NOT LISTED FOR SALE

1815 W 40th St Davenport, IA 52806

North Side Neighborhood
3 Beds
2 Baths
31,134 Sq Ft
1.19 Acres

Last Sold September 08, 2016

Last sale price $1,050,000 $34 Per Sq Ft

5 Days on Market

About This Home

As of September 2016

Davenport Real Estate For Sale! Rare 12% Cap Investment Opportunity in Highly Desirable Location!!! Currently 10.3% Cap without counting any Rent for Office nor for Four Garages! Annual Net Operating Income of $129,343 Right Now!!! Established, Low Vacancy BRICK Apartment Complex with 24 (2x12) Units each with Three-Bedrooms, Two-Baths, Fireplace and Available Garage! Tenants Pay Separately Metered Electric Heat & AC, Landlord Pays Common Water/Sewer/Gas. Additional Income: Garage Stalls Rented at $50 each/Mo.; Pets $50 each/Mo. 3rd Party Managed Coin-Operated Laundry in each building yields % Income to Landlord of $45/month. Onsite Maintenance Man. All Roofs Replaced in 2008! Priced for Quick Sale!!!

Last Agent to Sell the Property

Lucky Lang

Mel Foster Co. Davenport License #S43541000 Listed on: 08/04/2016

Mel Foster Co. Davenport

Last Buyer's Agent

UNREPRESENTED Properties

Unrepresented Properties License #0000

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1967

Lot Details

  • 1.19

Schools

  • Davenport Elementary School
  • Davenport High School

Utilities

  • Cable TV Available

Listing and Financial Details

  • Tenant pays for electric only

Property Details

Home Type

Multi-Family

Year Built

Built in 1967

Lot Details

0

Listing Details

  • Class: Multi-Family
  • Type: Residential Income
  • Style: Apartment Building
  • Legal Description: Lengthy
  • Year Built: 1967
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Interior Amenities: Cable Tv Available
  • Price Per Sq Ft: 33.73
  • Total Sq Ft: 31134

Exterior Features

  • Exterior: Brick
  • Road Access: Curbs & Gutters, Paved

Garage/Parking

  • Number Parking Spaces: 25

Utilities

  • Heating Cooling: Baseboard, Electric, Water Heater - Gas, Wall Units, Window Units
  • Electric Expense: 6000
  • Garbage Collection Exp: 3600
  • Gas Expense: 300
  • Laundry Facilities: Common, Leased Equipment
  • Water Sewer Expenses: 20400

Schools

  • Elementary School: Davenport
  • Middle School: Davenport
  • High School: Davenport
  • Elementary School: Davenport
  • High School: Davenport

Lot Info

  • Estimated Lot Size: 290 x 180
  • Estimated Number of Acres: 1.198
  • Lot Description: Level
  • Subdivision: Carlton
  • Geo Subdivision: IA

Rental Info

  • Manager On Site: Yes
  • Tenant Pays: Electric Only
  • Gross Annual Rent Income: 225624
  • Lease Information: 1 Year, Month-To-Month, Various Terms
  • Manager Unit Number: 1

Tax Info

  • Annual Taxes: 32546
  • Parcel Id Number Tax Id: M1507-29C & M1507-29B
  • Tax Year: 2015

Multi Family

  • Total Number Units: 24
  • Gross Annual Income: 226824
  • Total Number Electric Meters: 24
  • Total Number Gas Meters: 2
  • Total Number Heating Units: 24
  • Total Number Water Heaters: 2
  • Total Number Water Meters: 2

MLS Schools

  • Middle School: Davenport

Range of Values:

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Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/08/2016 09/08/16 Sold $1,050,000 -16.0% $34 / Sq Ft
08/09/2016 08/09/16 Pending -- -- --
08/04/2016 08/04/16 For Sale $1,250,000 -- $40 / Sq Ft
Source: RMLS Alliance

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • L

    Seller's Agent in 2016

    Lucky Lang

    [Mel Foster Brand]

    Section Image

  • U

    Buyer's Agent in 2016

    UNREPRESENTED Properties

    Unrepresented Properties

See All Agents

Map

Source: RMLS Alliance

MLS Number: RMAQC4174887

RMLS Alliance

APN: M1507-29B

Iowa Scott County Davenport 52806 North Side

1815 W 40th St, Davenport, IA

This home is located at 1815 W 40th St, Davenport, IA 52806 since 04 August 2016. This property was built in 1967. 1815 W 40th St is a home located in Scott County with nearby schools including Buchanan Elementary School, Wood Intermediate School, and North High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

RMLS Alliance IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

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