323 W 16th Street

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323 W 16th Street

Davenport, IA 52803
Asking Price
$140K
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
  • Priced at 140000 dollars for the full property
  • Asset is currently available for purchase on the market
  • Property is positioned within the established Quad Cities region
  • Suitable for investors targeting the Iowa residential sector

What's Special

Investors seeking an entry-level multifamily asset will find this apartment building at 323 W 16th Street in Davenport, Iowa, a practical addition to a residential portfolio. Situated in a region known for its steady rental demand and consistent housing needs, the property provides a straightforward investment vehicle for those focused on the local market. Davenport sits along the Mississippi River as part of the Quad Cities, a metropolitan area that maintains a balanced economy supported by a diverse base of regional employers and manufacturing operations. The building is well-positioned for an owner looking to manage a small-scale multi-unit complex within a familiar suburban landscape. Its proximity to established neighborhoods ensures a baseline of interest from prospective tenants who prioritize accessibility within the Iowa market. This asset represents a functional opportunity for capital deployment in a stable Midwest submarket.

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NOI
$80,000
Cap Rate
57.14%
DSCR
9.62
Strong
Cash-on-Cash
170.69%
Monthly Payment
$692.644
Annual Cash Flow
$71,688.277

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