2320 REDWOOD Avenue

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2320 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
  • Asset situated within the Quad Cities metropolitan region
  • Property address is 2320 Redwood Avenue, 52802
  • Available for acquisition by commercial real estate investors
  • Suitable for residential rental and portfolio expansion strategies

What's Special

Multi-family residential investors seeking to expand their portfolio will find this apartment building in Davenport a practical addition. Positioned in a growing Iowa municipality along the Mississippi River, the property benefits from a regional economy supported by diverse manufacturing and logistics sectors. Davenport serves as a key component of the Quad Cities metropolitan area, providing a steady demand for rental housing across various demographics. The structure at 2320 Redwood Avenue is well-suited for long-term residential leasing operations. Its location within the 52802 zip code offers connectivity to local transit corridors and proximity to major regional employment hubs. Owners can leverage the consistent regional population base to maintain occupancy levels. This asset type is ideal for those focused on stable income streams within a mid-sized Midwestern market. The building provides essential infrastructure for property managers aiming to address the need for reliable multi-family housing in this sector of the state.

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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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