1421 GRAND Avenue

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1421 GRAND 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 apartment building located at 1421 Grand Avenue
  • Asset is situated within the city of Davenport
  • The property is located in the Iowa 52803 ZIP
  • Regional position within the established Quad Cities market
  • Investment potential within a steady residential rental landscape

What's Special

The apartment building at 1421 Grand Avenue in Davenport, Iowa, represents a multifamily investment in a key Mississippi River hub. This property sits within the Quad Cities, a regional manufacturing and logistics center supported by a diversified workforce and steady demand for local rental housing. Residents here benefit from established neighborhood infrastructure and proximity to major regional transit corridors that connect Davenport to the broader Midwest economy. Given its position in the local market, the asset is well-suited for investors seeking to build or maintain a residential rental portfolio. The building structure supports long-term occupancy strategies common in this mature suburban environment, offering a functional footprint for apartment management. Its location within the 52803 ZIP code aligns with broader residential patterns in the metro area, placing tenants near essential services and community amenities. Buyers looking for stable multifamily inventory in this Iowa submarket will find this building a consistent addition to their holdings.

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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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