119-121 W 13TH Street

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119-121 W 13TH Street

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).

  • Five-unit multifamily apartment building available for purchase
  • Located at 119-121 W 13th Street in Davenport
  • Positioned within the Quad Cities regional housing market
  • Property suitable for long-term residential rental income
  • Access to local transit and regional economic centers

What's Special

This multifamily property at 119-121 W 13th Street in Davenport is currently for sale, presenting a solid acquisition target for residential real estate investors focused on the Iowa market. The asset functions as an apartment building comprising five distinct units, offering a straightforward addition to a rental portfolio. Davenport sits along the Mississippi River as part of the Quad Cities, a region characterized by a stable industrial and service-oriented economy. Residents here benefit from easy access to major regional transit corridors and the local amenities of a historic urban center. Given the unit count and apartment configuration, the building is well-suited for traditional long-term leasing strategies. Investors will find that this property aligns with the demand for workforce housing in a city known for its moderate cost of living and steady population base. Its location provides tenants with proximity to local employers and downtown resources, supporting consistent occupancy potential for a multi-unit investment.

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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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