Multifamily
River Oaks Apartments
1215 24th St Pl, Moline, IL 61265
Listing Price: $2,850,000
Investment Overview
River Oaks Apartments is a 42-unit multifamily apartment building located in Moline, Illinois. Built in 1965, the property consists of one, three-story, elevator building. The property sits on an approximate 2.10-acre site on the bluffs of the Mississippi river in a secluded, wooded community. The unit mix is comprised of 16 one-bedroom / one-bathroom with approximately 567 square feet and 26 two-bedroom / one bathroom units with approximately 822 square feet. Kitchens are fully-equipped with refrigerator, electric stove, microwave, and dishwasher. The property offers elevator access, on-site laundry facilities, and underground garage parking. Conveniently located in a residential community along the Mississippi River, the property is just minutes to local shopping and dining with direct access to Interstate 74. The Quad City 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 SouthPark mall and Rock Island Arsenal are all within minutes of River Oak Apartments.
River Oaks Apartments
Investment Highlights
- Well-Maintained Property with Many Recent Upgrades
- Convenient Location with Easy Access to Interstates 74 and 80 and Minutes from Downtown Moline/Quad Cities.
- Excellent Mix of One and Two Bedroom Units
- Amenities Include Elevator Access, On-Site Laundry and Underground Parking
- Recent Capital Improvments Include; 2010 - Elevator Modernization – $65,780.00 2015 - Retaining Wall for Underground Parking Ramp - $14,225.00 2015 – Three Boiler(s) Complete Replacement (High Efficiency) - $41,742.00 2017 – Common Hallway Upgrade (Flooring and Paint) – $5,873.25 2019 and 2020 – Windows (Whole Building) - $77,000.00 2020 – Commercial Water Heater - $5,950.00 2020 – Parking Lot Resurface – $3,860.00 2021 – Roof (Complete Tear Off and Replacement) - $86,244.2
Listing Price: $2,850,000
Investment Highlights
- Well-Maintained Property with Many Recent Upgrades
- Convenient Location with Easy Access to Interstates 74 and 80 and Minutes from Downtown Moline/Quad Cities.
- Excellent Mix of One and Two Bedroom Units
- Amenities Include Elevator Access, On-Site Laundry and Underground Parking
- Recent Capital Improvments Include; 2010 - Elevator Modernization – $65,780.00 2015 - Retaining Wall for Underground Parking Ramp - $14,225.00 2015 – Three Boiler(s) Complete Replacement (High Efficiency) - $41,742.00 2017 – Common Hallway Upgrade (Flooring and Paint) – $5,873.25 2019 and 2020 – Windows (Whole Building) - $77,000.00 2020 – Commercial Water Heater - $5,950.00 2020 – Parking Lot Resurface – $3,860.00 2021 – Roof (Complete Tear Off and Replacement) - $86,244.2
Investment Overview
River Oaks Apartments is a 42-unit multifamily apartment building located in Moline, Illinois. Built in 1965, the property consists of one, three-story, elevator building. The property sits on an approximate 2.10-acre site on the bluffs of the Mississippi river in a secluded, wooded community. The unit mix is comprised of 16 one-bedroom / one-bathroom with approximately 567 square feet and 26 two-bedroom / one bathroom units with approximately 822 square feet. Kitchens are fully-equipped with refrigerator, electric stove, microwave, and dishwasher. The property offers elevator access, on-site laundry facilities, and underground garage parking. Conveniently located in a residential community along the Mississippi River, the property is just minutes to local shopping and dining with direct access to Interstate 74. The Quad City 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 SouthPark mall and Rock Island Arsenal are all within minutes of River Oak Apartments.
