2022 IOWA Street

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2022 IOWA Street

Davenport, IA 52803
Asking Price
$85K
Asset Type
Apartment Building Multifamily
Class
Class B

AI Property Summary

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

  • Multifamily apartment building available for purchase in Davenport
  • Located at 2022 IOWA Street in Davenport, IA 52803
  • The asking price for this residential asset is $85,000
  • Asset is situated within the broader Quad Cities regional market
  • Property supports a variety of long-term rental investment strategies

What's Special

Davenport serves as a key economic hub within the Quad Cities, benefiting from a stable regional economy and consistent demand for rental housing. This multifamily apartment building, situated at 2022 IOWA Street, represents a functional asset for investors looking to expand their residential holdings in this established Iowa market. The property provides a residential housing option in a community defined by its long-standing industrial and service-sector presence along the Mississippi River. Given the scale and asset type, this building is well-suited for a buy-and-hold strategy aimed at generating long-term rental income. Investors may find this location attractive due to its proximity to regional transit corridors and the essential infrastructure that supports the local workforce. The structure offers a straightforward opportunity for portfolio diversification in a market characterized by steady demand for workforce and market-rate housing.

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NOI
$80,000
Cap Rate
94.12%
DSCR
15.85
Strong
Cash-on-Cash
293.94%
Monthly Payment
$420.534
Annual Cash Flow
$74,953.597

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