Davenport, IA 52804 1604 W 9TH Street
$445,000



12 more












Presented By: eXp Realty
Home Details
Turnkey 6-Unit Investment Opportunity in Davenport, Iowa Exceptional opportunity to acquire a fully renovated six-unit apartment building in Davenport. This turnkey property is ideal for investors seeking immediate cash flow with minimal maintenance concerns. Each of the six units features: * 2 bedrooms, 1 bathroom * Complete interior remodels * Brand-new appliances in every unit * Luxury vinyl plank flooring and new carpeting * Updated plumbing and electrical, including new panels Major capital improvements include: * New water heaters and heating systems in all units * All new windows and exterior doors throughout the building The property is fully occupied, with all units leased under one-year agreements-providing stable, immediate income from day one. This is a low-maintenance, high-demand asset in a strong rental market-perfect for both seasoned investors and those looking to expand their portfolio with a solid, income-producing property.
Presented By: eXp Realty
Interior Features for 1604 W 9TH Street
Other Interior Features
BasementUnfinished
General for 1604 W 9TH Street
Additional Parcels Y/NNo
CityDavenport
Construction MaterialsStone, Vinyl Siding
CountyScott
DirectionsFrom N Division Street, turn W onto 9th Street. Home is on the right.
ElectricSeparate Meters
Electric Expense
Fuel Expense
Gross Income67800
MLS AreaDavenport
MaintenanceExpense
Net Operating Income57454
Number Of Units Total6
Operating Expense7362
PossessionClosing
Property TypeCommercial Sale
Property TypeMulti Family 5+
Standard StatusActive
StatusActive
Stories Count2
Tax Annual Amount2984
Tax Year2025
TownshipN/A
Trash Expense1606
Water Sewer Expense2560
Year Built1920
Exterior for 1604 W 9TH Street
Building Area Total5440
Foundation DetailsStone
Frontage TypeAlley Access
Lot Dimensions89x155
Lot Size Acres156.9
Additional Details
Price History

SQFT • 5,440