1109 Tremont Avenue

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1109 Tremont Avenue

Davenport, IA 52803
Asking Price
Contact for price
Asset Type
Apartment Building Multifamily
Class
Class B

AI Property Summary

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

  • Multifamily asset located at 1109 Tremont Avenue in Davenport
  • Property is currently offered for sale to interested investors
  • Asset type is categorized as an apartment building
  • Situated within the established Quad Cities regional market
  • Ideal for operators targeting the local workforce housing sector

What's Special

1109 Tremont Avenue is a multifamily apartment building situated in the established residential landscape of Davenport, Iowa. This asset represents a functional addition to a portfolio within the Quad Cities region, a market known for its diverse industrial roots and steady economic base. Investors looking to expand their presence in the Midwest will find this property well-positioned to serve local housing needs. The building provides an opportunity to stabilize or enhance residential rental income in a stable suburban corridor. Given the layout and multifamily designation, the property is suitable for long-term hold strategies focusing on workforce housing or private rental operations. Residents benefit from the surrounding area's accessibility to regional infrastructure and employment hubs, making the location a practical choice for those commuting throughout the metro area.

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NOI
$80,000
Cap Rate
8.00%
DSCR
1.35
Strong
Cash-on-Cash
6.88%
Monthly Payment
$4,947.454
Annual Cash Flow
$20,630.547

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