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3330 E Kimberly Rd
Davenport, IA 52807
Asking Price
$900K
Asset Type
Creative Office Multifamily
Class
Class B
What's Special
Compelling value-add opportunity for a new owner-operator <ul><li>LaQuinta Inn & Suites Davenport (Parcel A): 113-room, 2 story concrete interior corridor hotel with guest elevator, indoor swimming pool, 24-hour fitness center, and a meeting room that is approximately 600 SF</li><li>Compelling value-add opportunity for a new owner-operator to enhance occupancy and ADR through dynamic pricing, improved channel mix, and focused sales execution, resulting in meaningful cash flow upside</li><li>LaQuinta Conference Center (Parcel B): 9,936 SF building zo
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NOI
$80,000
Cap Rate
8.89%
DSCR
1.50
Strong
Cash-on-Cash
9.84%
Monthly Payment
$4,452.709
Annual Cash Flow
$26,567.493
