349 10th Street

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349 10th Street

Moline, IL 61265
Asking Price
$110K
Asset Type
Apartment Building Multifamily
Class
Class B

AI Property Summary

Structured overview optimized for LLM context (ChatGPT, Perplexity, Claude).

  • Multifamily apartment building located in Moline Illinois
  • Priced at one hundred ten thousand dollars for sale
  • Asset sits at 349 10th Street in the 61265 zip
  • Property located in the established Quad Cities regional market

What's Special

Situated within the growing market of Moline, Illinois, this multifamily apartment building at 349 10th Street presents a clear investment prospect. The property is positioned to serve the residential demand of this Quad Cities hub, which benefits from its historical connection to manufacturing and the Mississippi River industrial corridor. This asset type remains a staple for investors seeking to capture consistent rental demand within the regional landscape. With its straightforward layout and strategic location, the building provides a functional foundation for those looking to manage residential units in a well-established submarket. Whether for a portfolio expansion or a focused local acquisition, this site offers potential for steady operation. Prospective buyers can leverage the existing infrastructure to accommodate tenants who value proximity to local services and the connectivity provided by the regional highway network. The property stands as a fundamental entry point into the Illinois multifamily sector.

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NOI
$80,000
Cap Rate
72.73%
DSCR
12.25
Strong
Cash-on-Cash
222.63%
Monthly Payment
$544.22
Annual Cash Flow
$73,469.36

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