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Multifamily

City View Apartments

321 E 7th St, Davenport, IA 52803

Listing Price: $2,150,000

Cap Rate
6.45%
Number of Units
36
Occupancy
95.0%
Price/Unit
$59,722
Price/Gross SF
$54.78
Gross SF
39,248

Investment Overview

City View Apartments is a 36-unit multifamily apartment building located in Davenport, Iowa. Built in 1915, and renovated in 2006, the property consists of one four-story courtyard building. The property sits on an approximate 1.50-acre site with ample lot parking, as well private garages. The unit mix is comprised of 18 one-bedroom / one-bathroom units with 750 square feet and 18 two-bedroom / one-bathroom units with 1,000 square feet. Each unit features individual gas forced heat/air and 40-gallon water heater. Kitchens are fully0-equipped with refrigerator, electric stove, microwave, disposal and dishwasher. The property offers on-site laundry facilities, exercise room and rooftop patio. Conveniently located in a residential community along the Mississippi River, the property is just north of downtown Davenport with direct access to Interstate 74 and Route 67. The downtown area boasts great shopping, recreation, entertainment, educational, medical, culture and religious options all within close proximity. Most amenities including restaurants, schools, grocery stores as well as the Riverfront Trail are all within a minutes of City View Apartments.

Investment Highlights

  • High Historical Occupancy with Current Waiting List in Place
  • Conveniently Located near Downtown Davenport and Interstate 74, Along the Mississippi River
  • On-Site Laundry, Exercise Room and Rooftop Patio

Exclusively Listed By

  • Scott D. Harris

    Senior Managing Director Investments

    (630) 570-2220

    Email Scott

    License(s): IA: S58247000, WI: 15869-090, IN: RB14049474, IL: 475.139778

    Chicago Oak Brook

Broker of Record

  • Jon Ruzicka

    First Vice President Investments

    (952) 852-9700

    License(s) IA: B63379000

    Iowa

Financing By

Listing Price: $2,150,000

Cap Rate
6.45%
Number of Units
36
Occupancy
95.0%
Price/Unit
$59,722
Price/Gross SF
$54.78
Gross SF
39,248

Investment Highlights

  • High Historical Occupancy with Current Waiting List in Place
  • Conveniently Located near Downtown Davenport and Interstate 74, Along the Mississippi River
  • On-Site Laundry, Exercise Room and Rooftop Patio

Investment Overview

City View Apartments is a 36-unit multifamily apartment building located in Davenport, Iowa. Built in 1915, and renovated in 2006, the property consists of one four-story courtyard building. The property sits on an approximate 1.50-acre site with ample lot parking, as well private garages. The unit mix is comprised of 18 one-bedroom / one-bathroom units with 750 square feet and 18 two-bedroom / one-bathroom units with 1,000 square feet. Each unit features individual gas forced heat/air and 40-gallon water heater. Kitchens are fully0-equipped with refrigerator, electric stove, microwave, disposal and dishwasher. The property offers on-site laundry facilities, exercise room and rooftop patio. Conveniently located in a residential community along the Mississippi River, the property is just north of downtown Davenport with direct access to Interstate 74 and Route 67. The downtown area boasts great shopping, recreation, entertainment, educational, medical, culture and religious options all within close proximity. Most amenities including restaurants, schools, grocery stores as well as the Riverfront Trail are all within a minutes of City View Apartments.

Exclusively Listed By

  • Scott D. Harris

    Senior Managing Director Investments

    (630) 570-2220

    Email Scott

    License(s): IA: S58247000, WI: 15869-090, IN: RB14049474, IL: 475.139778

    Chicago Oak Brook

Broker of Record

  • Jon Ruzicka

    First Vice President Investments

    (952) 852-9700

    License(s): IA: B63379000

    Iowa

Financing By

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