2001 W 6th St
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2001 W 6th St
4 Unit Apartment Building $239,000 ($59,750/Unit) 10.94% Cap Rate Davenport, IA 52802
Investment Highlights
- Close to Downtown Davenport
- Historic charm of Ferjervary neighborhood
- New electrical upgrades
- Near shopping, dining, and entertainment
- Newer furnaces and water heaters
Executive Summary
Well-Maintained 4-Unit Property in Davenport's Fejervary Neighborhood
Located at 2001 W 6th St, Davenport, IA, this multi-family property features four spacious 2-bedroom units, ideal for tenants seeking comfort and convenience.
Property Features:
Updated electrical and gas systems with separate metering
New furnaces and water heaters for energy efficiency
Tenant-paid gas and electric utilities
Additional Highlights:
Off-street parking for tenant convenience
Situated in the Fejervary neighborhood, known for its historic charm
Close to downtown Davenport, with easy access to shopping, dining, and entertainment
This property offers modern updates, low-maintenance operation, and a desirable location, making it an excellent investment opportunity.
Located at 2001 W 6th St, Davenport, IA, this multi-family property features four spacious 2-bedroom units, ideal for tenants seeking comfort and convenience.
Property Features:
Updated electrical and gas systems with separate metering
New furnaces and water heaters for energy efficiency
Tenant-paid gas and electric utilities
Additional Highlights:
Off-street parking for tenant convenience
Situated in the Fejervary neighborhood, known for its historic charm
Close to downtown Davenport, with easy access to shopping, dining, and entertainment
This property offers modern updates, low-maintenance operation, and a desirable location, making it an excellent investment opportunity.
Data Room Click Here to Access
Financial Summary (Pro forma - 2024) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$30,600
|
$9.56
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$30,600
|
$9.56
|
| Taxes |
$1,840
|
$0.58
|
| Operating Expenses |
$2,621
|
$0.82
|
| Total Expenses |
$4,461
|
$1.39
|
| Net Operating Income |
$26,139
|
$8.17
|
Financial Summary (Pro forma - 2024)
| Gross Rental Income | |
|---|---|
| Annual | $30,600 |
| Annual Per SF | $9.56 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $30,600 |
| Annual Per SF | $9.56 |
| Taxes | |
|---|---|
| Annual | $1,840 |
| Annual Per SF | $0.58 |
| Operating Expenses | |
|---|---|
| Annual | $2,621 |
| Annual Per SF | $0.82 |
| Total Expenses | |
|---|---|
| Annual | $4,461 |
| Annual Per SF | $1.39 |
| Net Operating Income | |
|---|---|
| Annual | $26,139 |
| Annual Per SF | $8.17 |
Property Facts
| Price | $239,000 | Property Subtype | Apartment |
| Price Per Unit | $59,750 | Apartment Style | Low Rise |
| Sale Type | Investment | Lot Size | 0.10 AC |
| Cap Rate | 10.94% | Building Size | 3,200 SF |
| Gross Rent Multiplier | 7.81 | Average Occupancy | 100% |
| No. Units | 4 | No. Stories | 2 |
| Property Type | Multifamily | Year Built/Renovated | 1900/2024 |
| Price | $239,000 |
| Price Per Unit | $59,750 |
| Sale Type | Investment |
| Cap Rate | 10.94% |
| Gross Rent Multiplier | 7.81 |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Lot Size | 0.10 AC |
| Building Size | 3,200 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built/Renovated | 1900/2024 |
Unit Amenities
- Cable Ready
- Ceiling Fans
- Carpet
Site Amenities
- 24 Hour Access
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 4 | $850.00 | 800 - 3,200 |
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PROPERTY TAXES
| Parcel Number | H0063-07 | Total Assessment | $140,700 |
| Land Assessment | $8,770 | Annual Taxes | $1,840 ($0.58/SF) |
| Improvements Assessment | $131,930 | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
H0063-07
Land Assessment
$8,770
Improvements Assessment
$131,930
Total Assessment
$140,700
Annual Taxes
$1,840 ($0.58/SF)
Tax Year
2024
zoning
| Zoning Code | CMF (Commercial Multi-Family) |
| CMF (Commercial Multi-Family) |
-
Gene DelPreore - GTA Old Town LLC
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2001 W 6th St
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