413 W 6TH Street, Davenport, IA 52803

• 5,456 sqft

Property Description

Eleven-unit commercial investment property located within Davenport’s core corridor near downtown and Palmer College of Chiropractic. The property is fully occupied and generates a Net Operating Income of $19,925, reflecting an approximate 7.69% cap rate at list price. ±5,456 SF brick structure on ±0.26 acres, featuring efficient unit layouts, stabilized tenancy, and steady operating performance. Tenants are responsible for electric service in their units, while ownership covers water, sewer, and trash. Excellent proximity to downtown amenities and major arterials. Income-producing asset ideal for private or portfolio investors seeking stabilized Quad Cities multifamily/commercial holdings. Also available as a portfolio: 413 W. 6th St (G0054-22) • 1429 Brady St (G0024-15) • 1816 Davenport Ave (F0004-31) • 805 W. 2nd St (L0014-11) • 709 Perry St (G0041-14). Entire portfolio offered collectively for $1,250,000, representing approximately a 5% savings compared with individual pricing.

Listing Status:

Active

Listing Office:

NAI Ruhl Commercial Company : 563-355-4000

Listing Agent:

Shawn Langan : 563-355-4000

MLS ID:

QC4268838

Interior

• Flooring: TileWood
• A/C: Multi Units
• Heating: Forced AirNatural Gas

Construction

• Roofing: Asphalt
• General: TwoMulti-Tenant

Location

• Road/Access: City Street
• Originating MLS: rmlsa
• County: Scott

Lot

• Zoning: R-MFG0054-22

Utilities

• Water: Municipal/City
• Sewer: Public Sewer

Financial

• Source: rmlsa

This listing courtesy of Shawn Langan, NAI Ruhl Commercial Company