$720,000
PENDING

Estimated payment $5,654/month

Total Views 648
8 Beds
-- Bath
1,088 Sq Ft
$662 Price per Sq Ft

Highlights

  • Senior Community
  • 8 Car Attached Garage
  • Central Air
  • Corner Lot

About This Home

Great opportunity to acquire an 8-unit brick building in the desirable Rock View Estates subdivision of Moline. Ideally located in the heart of town with easy access to John Deere Road and I-74, this property offers both strong current income and future upside. Property highlights include 8 spacious units, each approx. 1,088 SF. Floorplans feature 2 bedrooms, 2 baths, and large living rooms. Oversized sliding glass doors open to private porches with fantastic views. Each unit includes a garage stall with hallway storage and common area laundry. All units are fully occupied with long-term tenants and potential for rent increases over time. Excellent condo conversion candidate to align with neighboring buildings. Community designed for 55+ living. Landlord pays water and tenants pay G/E. Recent improvements include a newer roof and blacktop parking lot. This property combines immediate stability with long-term value-add potential—ideal for investors seeking a well-maintained asset in a strong location.

Listing Agent

Alexander Kelly

NAI Ruhl Commercial Company Brokerage Phone: 563-355-4000 License #475.134777/S60345000 Listed on: 08/27/2025

NAI Ruhl Commercial Company

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $21,131

Year Built

  • Built in 1978

Lot Details

  • 0.48 Acre Lot
  • Corner Lot

Home Design

  • 1,088 Sq Ft Home
  • Block Foundation
  • Shingle Roof

Parking

  • 8 Car Attached Garage
  • Parking Garage Space

Schools

  • Moline High School

Additional Features

  • 8 Bedrooms
  • Central Air

Listing and Financial Details

  • Assessor Parcel Number 17-10-324-002

Community Details

Overview

  • Senior Community
  • Rock View Estates Subdivision

Building Details

  • Trash Expense $950

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$21,131

Year Built

Built in 1978

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Property Sub Type: Residential Income
  • Year Built: 1978
  • New Construction: No
  • Property Attached Yn: No
  • Structure Type: Two or More Story
  • PricePerSqFt: 661.76
  • Attribution Contact: Office: 563-355-4000
  • Special Features: None

Interior Features

  • Basement: None
  • Total Bedrooms: 8

Exterior Features

  • Lot Features: Corner Lot
  • Construction Type: Brick
  • Foundation Details: Block
  • Roof: Shingle
  • 100YearPlain: No

Garage/Parking

  • Parking Features: Attached, Parking Garage, Common
  • Total Parking Spaces: 8

Utilities

  • Cooling: Central Air
  • Heating: Natural Gas
  • Electric Expense: 1450
  • Water Sewer Expenses: 2300
  • Laundry Features: Common Area
  • Water Source: Public
  • GasExpense: 1450
  • NumberOfWaterHeaters: 2
  • NumberOfHeatingUnits: 8
  • NumberOfCentralAirUnits: 8
  • NumberOfGasMeters: 8
  • NumberOfElectricMeters: 8
  • NumberofWaterMeters: 2
  • NumberOfRanges: 8
  • NumberofRefrigerators: 8
  • NumberOfDishwashers: 8

Condo/Co-op/Association

  • Senior Community: Yes

Fee Information

  • Trash Expense: 950
  • AdvertisingExpense: 0

Schools

  • High School: Moline

Lot Info

  • Lot Size Acres: 0.48
  • Lot Size: .48
  • Parcel #: 17-10-324-002

Tax Info

  • Tax Year: 2024
  • Tax Annual Amount: 21131
  • TaxExemptions: None

Multi Family

  • Number Of Units Total: 8
  • Annual Gross Income: 88800
  • Resident Manager Expense: 4224
  • Annual Operating Expense: 24847

Map

Range of Values:

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Average Value
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $21,132 $242,308 $40,550 $201,758
2023 $21,132 $223,120 $37,339 $185,781
2022 $17,880 $199,188 $33,334 $165,854
2021 $17,815 $190,428 $31,868 $158,560
2020 $17,725 $187,245 $31,335 $155,910
2019 $17,571 $184,297 $30,842 $153,455
2018 $17,114 $181,524 $30,378 $151,146
2017 $16,828 $178,666 $29,900 $148,766
2016 $16,402 $173,126 $28,973 $144,153
2015 $15,950 $168,375 $27,491 $140,884
2014 $3,886 $170,059 $27,766 $142,293
2013 $3,886 $170,059 $27,766 $142,293
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/06/2025 09/06/25 Pending -- -- --
08/27/2025 08/27/25 For Sale $720,000 -- $662 / Sq Ft
Source: RMLS Alliance

Source: RMLS Alliance

MLS Number: QC4266941

RMLS Alliance

APN: 17-10-324-002