Alex Kelly
Agent: Alex Kelly
Listing ID: 12788555
For Sale Only
Sale: $489,000
Listing Courtesy Of NAI Ruhl Commercial Company
Address: 713 Donahue Street
City: Eldridge
State: IA
Postal Code: 52748
County: Scott
Property Remarks
Fully occupied 6-plex with a long history of full occupancy and stable, long-term tenants. The unit mix is four 2-bedroom units and two 1-bedroom units. Total yearly rental income is $58,740. Major updates over the past 10 years include the roof, siding, and HVAC, and three units have been fully renovated down to the studs. Four units have renovated private decks, and the off-street lot provides six parking spaces, one per unit. Current rents leave room to grow, so a new owner can raise them over time and increase cash flow. A turnkey, low-maintenance investment with proven rental demand.
Features
Property Details
County: Scott
Property Type: Commercial Sale
Total Building SqFt: 5304
Approximate Lot Acres: 0.21
Sale/Rent: For Sale Only
Tax Year: 2025