NOT LISTED FOR SALE
-- Bed
-- Bath
46,835 Sq Ft
1.1 Acres

Last Sold March 09, 2020

Last sale price $1,160,000 $25 Per Sq Ft

148 Days on Market

About This Home

As of March 2020

Great redevelopment opportunity in downtown Davenport for a 5-story brick apartment building. The building consists of 32 units with a mix of (4) 3-bedroom and (28) 2-bedroom units. Each unit is separately metered with its own furnace and water heater. The floor plans are spacious with tall ceiling heights and feature new windows throughout ($75,000 - 2017). The sale includes 5 additional land parcels with approximately 75 parking spaces which is rare for a downtown property. The downtown rental housing market has a high occupancy rate at 96% with demand for continued growth. City, state, and federal incentives available for the next owner of this property. Please call Alex Kelly at 309-236-5489 with any questions or to schedule a showing.

Last Agent to Sell the Property

Alexander Kelly

NAI Ruhl Commercial Company License #475.134777/S60345000 Listed on: 08/29/2019

NAI Ruhl Commercial Company

Last Buyer's Agent

Ryan Fick

Mel Foster Co. Davenport License #B60366000/475.150139

Mel Foster Co. Davenport

Property Details

Property Type

  • Other

Year Built

  • Built in 1895

Lot Details

  • 1.1

Utilities

  • Forced Air Heating System
  • Heating System Uses Gas

Property Details

Property Type

Other

Year Built

Built in 1895

Lot Details

0

Listing Details

  • Class: Commercial/Cie
  • Type: Commercial/Cie
  • Style: Mid-Rise
  • Sub Type: Multi-Family
  • Year Built: 1895
  • Handicap Modified: Unknown
  • Special Features: None
  • Property Sub Type: Other

Interior Features

  • Common Hallway: Yes
  • Flooring: Carpeted, Tile/Vinyl
  • Total Sq Ft: 46835
  • Other Access: None
  • Estimated Lot Sq Ft: 48028

Exterior Features

  • Exterior Finish: Brick
  • Frontage Access: Paved 4Lane, Corner Lot
  • Insulation: Roof, Side Walls
  • Roof Construction: Sloped
  • Wall Construction: Brick

Utilities

  • Cooling: Office Only
  • Heating: Forced Air, Gas
  • Security System: Yes
  • Water Supply: Municipal/City

Association/Amenities

  • Amenities: Cable

Lot Info

  • Estimated Number of Acres: 1.1
  • Zoning: M-1
  • Geo Subdivision: IA

Rental Info

  • Common Laundry: Yes
  • Owner Pays: N/A
  • Sale Lease Includes: Building, Land
  • Tenant Pays: N/A
  • Terms Lease: N/A

Tax Info

  • Parcel Id Number Tax Id: G0054-17A
  • Tax Incentive: Other Tax Incentive
  • Tax Year: 2019

Multi Family

  • Total Number Units: 32

Range of Values:

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Average Value
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List Price
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 Change Sq Ft Price
03/09/2020 03/09/20 Sold $1,160,000 -17.1% $25 / Sq Ft
01/24/2020 01/24/20 Pending -- -- --
08/29/2019 08/29/19 For Sale $1,400,000 +7.7% $30 / Sq Ft
11/20/2018 11/20/18 Sold $1,300,000 +13.0% $28 / Sq Ft
08/17/2018 08/17/18 Pending -- -- --
06/28/2018 06/28/18 For Sale $1,150,000 -- $25 / Sq Ft
Source: RMLS Alliance

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: RMLS Alliance

MLS Number: RMAQC7041030

RMLS Alliance