625 W 61ST Street

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625 W 61ST Street

Davenport, IA 52806
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).

  • Residential multifamily apartment building located in Davenport, Iowa.
  • Property address is 625 W 61st Street within the 52806 zip code.
  • Strategic position within the established Quad Cities regional housing market.
  • Asset suited for professional management and long-term rental income.
  • Davenport offers proximity to essential regional employment and logistics hubs.

What's Special

This multifamily apartment building situated at 625 W 61st Street in Davenport, Iowa, represents a residential asset in a key corridor of the Quad Cities region. The local market benefits from its location along the Mississippi River, serving as a hub for regional manufacturing, logistics, and healthcare employers. Davenport provides a stable environment for housing demand, characterized by a steady population base and proximity to major regional transportation routes that facilitate connectivity throughout the state and into Illinois. Investors and property managers will find this building well-positioned to serve residents seeking access to the professional and lifestyle amenities inherent to this growing suburban landscape. The structure allows for various income-generating strategies, making it a viable candidate for portfolios focused on long-term rental performance and residential occupancy. As demand for quality living space persists, this asset provides a foundational investment in a recognized Iowa market.

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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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