3547 & 3553 HEATHERTON Drive $1,752,000


    3547 & 3553 HEATHERTON Drive Davenport, IA 52804



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    • 0 Beds
    • 0 Baths
    • Multi-Family
    • MLS# QC4248293
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    Views: 31 Days On Site: 11

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    Property Details

    Two (2) 12-unit apartment buildings (24-units total) recently renovated and For Sale at an 8.3% Cap Rate. Located in a great area just east of N Fairmount Street and less than a half mile from Scott Community College (West Campus). Unit mix includes two (2) studio units, ten (10) 1bd/1ba units, and twelve (12)2bd/1ba units. Tenants pay separately metered gas and electric. All 24 units received interior renovations in 2022/2023, both buildings had full roof replacements in 2022, windows/doors replaced 2022/2023, mechanicals update in 2023, and balconies rebuilt in 2022. Buildings are in the city's URTE tax exemption program which freezes the assessed value for 3 years. Great opportunity for a professionally managed and stabilized investment property. Please contact listing agent for current rent roll and financials.

    • General Features
      • Annual Tax Amount 10243
      • Disclosed Short Sale N
      • Tax Year 2023
      • Year Built 1975
    • Building Features
      • Basement Partially Finished
      • Building Area Total 19008
      • Construction Materials Brick, Vinyl Siding
      • Heating Forced Air, Gas
      • Laundry Features Common Area
      • Roof Rubber
      • Structure Type Two or More Story,Apartment Building
    • Property Features
      • 100 Year Flood Plain No
      • Lot Features Level
      • Lot Size Dimensions 290'x70'
      • Number Of Units Total 24
      • Parking Features Oversized, Parking Pad
      • Parking Total 44
      • Road Surface Type Paved
      • Water Source Public Sewer, Public
    • Schools
      • High School North High School



    Property History

    Date Event Price Percent Change
    -- Current Price Source: Multiple Listing Service New Value: $1,752,000
    11/20/2023 1:20:00 PM New in Database Source: Multiple Listing Service New Value: $1,752,000
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    Note: All room dimensions, including square footage data, are approximate and must be verified by the buyer. The information contained herein is furnished by the owner to the best of his/her knowledge but is subject to verification by the purchaser, and agent assumes no responsibility for the correctness thereof. The sale offering is made subject to errors, omissions, change of price, prior sale, or withdrawal without notice. In accordance with the Law, this property is offered without respect to race, color, creed, national origin, sex, familial status or disability. This is not intended to solicit property currently listed.