$1,650,000

4300 12TH Avenue, Moline, IL 61265

  • 20,160 sqft
  • Property Icon Commercial Property
  • Property Year Built Icon Built in 1975
  • Property Lot Size Icon1.44acre lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $82/sqft
  • Property List Date Icon Listed 16 days ago

Property Description

Great investment opportunity! Three-Story mixed-use building with 24 apartment units on the 2nd and 3rd floor and commercial on the main level facing North. There are 16-studio apartments located on the second floor. The third floor contains (4) 1 Bedroom/1 Bath and (4) 2 Bedroom/ 1 Bathroom units with private balconies. All apartments offer standard finishes and are well maintained. Tenant pays for gas and electric. Owner pays taxes, insurance, water, sewer, and garbage. Individual unit wall mounted A/C systems for cooling and 2 boiler systems used to heat Suite 2 on the 1st floor and studio units on the 2nd floor. 3rd floor units have individual forced air HVAC units. Coin operated Washer/dryers offered in two common areas within the building, not in unit. 64 total parking spaces (48 lines spaces to the North and 16 on the South side). No garages, all uncovered parking. Rent roll including rental rates available upon execution of a confidentiality agreement. Financials will not be provided without an offer to purchase on agreed to price and terms. Current list price is based on an 8.7% Cap. Additional rental income potential with vacant suite 1 (2,208 sf) listed at $12.00/sf. See MLS: QC4268473 Contact listing agent for showing details.

Listing Status:
Active
Listing Office:
Hawkeye Commercial Real Estate : 563-344-4295
Listing Agent:
Shawn Stuenkel : 563-344-4295
MLS ID:
QC4268687
  • Flooring: CarpetConcreteTile
  • A/C: Central AirWall/Window Unit(s)
  • Heating: Forced AirIndividual UnitOtherBaseboard
  • Roofing: Composition Shingle
  • General: Three Or More
  • Road/Access: City StreetPaved 2Lane
  • Originating MLS: rmlsa
  • County: Rock Island
  • Zoning: O-117-03-202-010
  • Water: Municipal/City
  • Sewer: Public Sewer
  • Source: rmlsa

This listing courtesy of Shawn Stuenkel, Hawkeye Commercial Real Estate

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

Schools Nearby

W

Washington Elementary School

1550 41st St, Moline, IL, 61265

Grades PK-5

0.24 miles away

W

Wilson Middle School

1301 48th St, Moline, IL, 61265

Grades 6-8

0.27 miles away

M

Moline High School at Coolidge Campus

3428 Avenue of the Cities, Moline, IL, 61265

Grades 8-12

0.86 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.