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Pershing Hill Lofts 511 Pershing Ave

62 Unit Apartment Building $11,500,000 ($185,484/Unit) Davenport, IA 52803

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Executive Summary

62-unit luxury loft development in downtown Davenport
Located in an established loft district
Building was entirely redeveloped and renovated in 2016-2017
Off street parking
100% market rate project
Investment opportunity

511 Pershing Ave Davenport Brochure

Property Facts

Price	$11,500,000	Building Class	C
Price Per Unit	$185,484	Lot Size	0.48 AC
Sale Type	Investment	Building Size	84,444 SF
No. Units	62	No. Stories	6
Property Type	Multifamily	Year Built	1909
Property Subtype	Apartment	Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Apartment Style	Mid Rise

Price	$11,500,000
Price Per Unit	$185,484
Sale Type	Investment
No. Units	62
Property Type	Multifamily
Property Subtype	Apartment
Apartment Style	Mid Rise
Building Class	C
Lot Size	0.48 AC
Building Size	84,444 SF
No. Stories	6
Year Built	1909
Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.