640 W 61ST Street

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640 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).

  • Multifamily apartment building located in Davenport, Iowa.
  • Property situated at the 640 W 61st Street address.
  • Located within the stable Quad Cities regional economy.
  • Asset designed for multi-unit residential housing operations.
  • Strategic placement within the 52806 zip code area.

What's Special

This multifamily apartment building sits in Davenport, Iowa, a key city in the Quad Cities region. The property occupies a position in a well-established submarket that benefits from the broader economic stability of the Mississippi River corridor. Investors and operators often prioritize this area for its consistent demand for residential rental housing, which supports long-term occupancy goals for apartment assets. The local infrastructure connects residents to major regional employment hubs and transportation networks, reinforcing the asset's utility for multi-unit residential operations. Potential buyers will find that this building fits into a diverse range of investment portfolios, whether as a stable addition or a value-add project within the Davenport market. The structure is well-positioned to serve the ongoing need for rental inventory in this part of the state, providing a functional footprint for residential leasing activities.

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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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