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About the Listing 108079 - 1080811
Rarely does a multifamily investment combine location, flexibility, and upside quite like this. Situated directly across from the beautiful Vander Veer Park, this solid all-brick 5-unit apartment building offers immediate income, exceptional long-term appreciation potential, and multiple strategies to maximize your return. The property features five spacious one-bedroom, one-bath apartments, each with dedicated storage. Ample off-street parking space and a 4 car garage offer an attractive amenity that helps drive tenant demand. Looking to increase cash flow? Investors have the opportunity to explore converting one or more units into AIRBNB or other furnished short-term rentals (subject to any applicable licensing and operational requirements), creating the potential for significantly higher income than traditional long-term leases. This property also offers an ideal HOUSE-HACKING opportunity. Live comfortably in one unit, build equity, and generate passive income. Whether you're an experienced investor expanding your portfolio or an owner-occupant seeking a smart wealth-building strategy, this property offers remarkable flexibility. Constructed with durable brick for low-maintenance ownership and located in one of Davenport's most recognizable and desirable neighborhoods, this is the kind of investment that doesn't come along often. Strong rental demand, multiple income possibilities, and an unbeatable location make this an exceptional opportunity to grow your real estate portfolio.
Interior Details
- Bedrooms: 0
- Bathrooms: 0 Full
- Appliances:
- Air Cond: Window Unit(s)
- Heating:
- Fireplaces:
- Floor:
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement:
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- Water:
Exterior Details
- Garage Capacity: N/A
- Lot Dimensions: 43.05x140
- Roof: Composition
- Others:
- Sewer:
- Parking Features: 1-5 Spaces
Financial Details
- Tax Amount: $5,234
- Taxes w/Assessments: N/A
- Tax/Property ID: B002716
- Tax Year: 2024
Payment Calculator
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2612 N Harrison St Davenport, IA 52803
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