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Multifamily

Scott County Condominiums

73 Manor Dr, Park View, IA 52748

Listing Price: $2,218,000

Cap Rate
7.45%
Number of Units
32
GRM
6.81
Occupancy
95.0%
Price/Unit
$69,313
Price/Gross SF
$67.62
Gross SF
32,800

Investment Overview

Marcus & Millichap is pleased to present Scott County Condominiums, a 32-unit condominium community located at 73-135 Manor Drive, Park View, IA 52748. Built in 1973, the property consists of three buildings, with each unit individually deeded as a condominium with its own PIN number. Recent capital improvements, including new siding and roofs, enhance the property's longevity and curb appeal. Units feature spacious walk-in closets, in-unit dishwashers, and private balconies, providing residents with a comfortable and functional living space.

Scott County Condominiums benefits from proximity to Scott County Park, offering outdoor recreation and green space for residents. The property also provides on-site and off-street parking, a pet-friendly environment, and convenient access to local shopping, dining, and major roadways. Located in Park View, just north of Davenport, this growing community maintains a small-town atmosphere while offering easy access to the amenities of the Quad Cities region. Nearby higher education institutions, including St. Ambrose University, Palmer College of Chiropractic, Augustana College, and Black Hawk College, contribute to consistent rental demand.

With each unit separately titled as a condominium, Scott County Condominiums presents investors with multiple exit strategies, whether through individual unit sales or continued operation as a rental investment. With access to major shopping centers, hospitals, and transportation corridors, the property represents an attractive opportunity in a stable and expanding market.

Investment Highlights

  • All 32 two-bedroom units are separately parceled, allowing investors to hold as a rental portfolio or sell units individually over time for added optionality.
  • New siding and roofs reduce near-term expenses and boost curb appeal, while the efficient layout supports operational ease.
  • Located in Park View near Davenport, the property benefits from top schools, growing demand, and access to major employment hubs.

Broker of Record

  • Jon Ruzicka

    First Vice President Investments

    (952) 852-9700

    License(s) IA: B63379000

    Iowa

Multifamily

Scott County Condominiums

Listing Price: $2,218,000

Cap Rate
7.45%
Number of Units
32
GRM
6.81
Occupancy
95.0%
Price/Unit
$69,313
Price/Gross SF
$67.62
Gross SF
32,800

Investment Highlights

  • All 32 two-bedroom units are separately parceled, allowing investors to hold as a rental portfolio or sell units individually over time for added optionality.
  • New siding and roofs reduce near-term expenses and boost curb appeal, while the efficient layout supports operational ease.
  • Located in Park View near Davenport, the property benefits from top schools, growing demand, and access to major employment hubs.

Investment Overview

Marcus & Millichap is pleased to present Scott County Condominiums, a 32-unit condominium community located at 73-135 Manor Drive, Park View, IA 52748. Built in 1973, the property consists of three buildings, with each unit individually deeded as a condominium with its own PIN number. Recent capital improvements, including new siding and roofs, enhance the property's longevity and curb appeal. Units feature spacious walk-in closets, in-unit dishwashers, and private balconies, providing residents with a comfortable and functional living space. Scott County Condominiums benefits from proximity to Scott County Park, offering outdoor recreation and green space for residents. The property also provides on-site and off-street parking, a pet-friendly environment, and convenient access to local shopping, dining, and major roadways. Located in Park View, just north of Davenport, this growing community maintains a small-town atmosphere while offering easy access to the amenities of the Quad Cities region. Nearby higher education institutions, including St. Ambrose University, Palmer College of Chiropractic, Augustana College, and Black Hawk College, contribute to consistent rental demand. With each unit separately titled as a condominium, Scott County Condominiums presents investors with multiple exit strategies, whether through individual unit sales or continued operation as a rental investment. With access to major shopping centers, hospitals, and transportation corridors, the property represents an attractive opportunity in a stable and expanding market.

Broker of Record

  • Jon Ruzicka

    First Vice President Investments

    (952) 852-9700

    License(s): IA: B63379000

    Iowa

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