4000 Archer Dr | East Moline, IL 61244
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- LoopNet Team
4000 Archer Dr
East Moline, IL 61244
Lux off Archer · Multifamily Property For Sale · 76 Units
INVESTMENT HIGHLIGHTS
- - Newly renovated, with $2.9m capex
- - New ownership can operate as a new construction property
- - 2022 average household income within 1 mile is $69,000
- - All units have upgrades appliances, granite/quartz countertops
- - East Moline has an estimated population of 381,568
- - New ownership can raise top-line rental revenue approx. $10,000
PROPERTY FACTS
| No. Units | 76 | Building Size | 78,600 SF |
| Property Type | Multifamily | Average Occupancy | 89% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Garden | Year Built | 1980 |
| Building Class | C | Parking Ratio | 1.21/1,000 SF |
| Lot Size | 4.47 AC |
| No. Units | 76 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 4.47 AC |
| Building Size | 78,600 SF |
| Average Occupancy | 89% |
| No. Stories | 2 |
| Year Built | 1980 |
| Parking Ratio | 1.21/1,000 SF |
UNIT AMENITIES
- Dishwasher
- Microwave
- Heating
- Kitchen
- Granite Countertops
- Refrigerator
- Range
- Tub/Shower
SITE AMENITIES
- 24 Hour Access
- Controlled Access
- Laundry Facilities
- Walk-Up
- Smoke Detector
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+1 | 60 | - | 1,000 - 1,200 |
| 3+2 | 16 | - | 1,000 - 1,200 |
PROPERTY TAXES
| Parcel Number | 18-06-300-002 | Improvements Assessment | $847,318 |
| Land Assessment | $107,506 | Total Assessment | $954,824 |
PROPERTY TAXES
Parcel Number
18-06-300-002
Land Assessment
$107,506
Improvements Assessment
$847,318
Total Assessment
$954,824
ZONING
| Zoning Code | EM |
| EM |
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