2318 REDWOOD Avenue

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2318 REDWOOD Avenue

Davenport, IA 52802
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 in Davenport, Iowa.
  • Property situated at 2318 Redwood Avenue in the 52802 area.
  • Investment opportunity located within the active Quad Cities market.
  • Strategic asset suited for residential rental portfolios.
  • Functional apartment building designed for standard multifamily use cases.

What's Special

Davenport serves as a key industrial and commercial hub within the Quad Cities region, supported by a diverse economy centered on manufacturing, healthcare, and logistics. This multifamily apartment building, situated at 2318 Redwood Avenue, benefits from its access to the broader metro area infrastructure and major regional transit routes. The property provides a stable foundation for residential investment in a market characterized by consistent demand for workforce and market-rate housing options. Investors and property managers will find the asset suitable for a range of strategies, from long-term hold portfolios to value-add repositioning efforts. Its location within a well-established residential area allows for reliable tenant appeal, while the structural layout supports efficient management and unit maintenance. The site remains well-positioned to leverage the economic momentum of the Iowa and Illinois border region, catering to the ongoing need for quality apartment space for local residents.

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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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