NAI Ruhl Commercial Company

2615 N Pine
Davenport, IA 52804
MLS# 7038152
Price $1,750,000

Listing Information
Property Type:Multi-Family
Square Footage:14984
Year Built:1963
Sewer:City Sewer

Interior Features

Exterior Features
Roof:Comp Shingle
Listing Description
*30 Unit property being sold as a package to include (5) 4-plex town homes (2) low rise style 2615 N Pine, 2621 N Pine, (3) side by side townhouses 2641 N Pine, 2649 N Pine, 2263 W. Columbia and (1) 10-plex brick apartment building 2629 N Pine (8) 2 bedrooms, (2) 1 Bedrooms, one of which functions as the onsite office currently, vacant lot south on property could build another 4 plex. Low rise town homes have private back patios, covered front patios and carports. Property includes 10 detached garages and amble tenant parking lot, over 2 acres adjacent to single family homes, owner controls the entire block of income property, being sold as a cash flowing operational business opportunity, includes owned appliances, equipment, and maintenance supplies. Utilities separated per unit, Many recent updates, HVAC, bathrooms, kitchens, flooring, doors trim, light fixtures ect, approximately 85% of units rehab completed, units have keyless entry. List price is 8% cap rate.