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Listed by Darla Hooperof RE/MAX Concepts Bettendorf
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Est. payment /mo
New
2612 N Harrison ST Davenport, IA 52803
3,194 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Multi Family 5+
Listing Status Active
Purchase Type For Sale
Square Footage 3,194 sqft
MLS Listing ID 12691004
Year Built 1939
Annual Tax Amount $5,234
Tax Year 2024
Lot Size 10,018 Sqft
Lot Dimensions 43.05x140
Property Sub-Type Multi Family 5+
Property Description
Rarely does a multifamily investment combine location, flexibility, and upside quite like this. Situated directly across from the beautiful Vander Veer Park, this solid all-brick 5-unit apartment building offers immediate income, exceptional long-term appreciation potential, and multiple strategies to maximize your return. The property features five spacious one-bedroom, one-bath apartments, each with dedicated storage. Ample off-street parking space and a 4 car garage offer an attractive amenity that helps drive tenant demand. Looking to increase cash flow? Investors have the opportunity to explore converting one or more units into AIRBNB or other furnished short-term rentals (subject to any applicable licensing and operational requirements), creating the potential for significantly higher income than traditional long-term leases. This property also offers an ideal HOUSE-HACKING opportunity. Live comfortably in one unit, build equity, and generate passive income. Whether you're an experienced investor expanding your portfolio or an owner-occupant seeking a smart wealth-building strategy, this property offers remarkable flexibility. Constructed with durable brick for low-maintenance ownership and located in one of Davenport's most recognizable and desirable neighborhoods, this is the kind of investment that doesn't come along often. Strong rental demand, multiple income possibilities, and an unbeatable location make this an exceptional opportunity to grow your real estate portfolio.
Location
State IA
County Scott
Interior
Cooling Window Unit(s)
Fireplace N
Exterior
View Y/N true
Roof Type Composition
Building
Structure Type Brick
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