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1819 W 3rd St

4 Unit Block of Flats £155,708 (£38,927/Unit) 10.68% Net Initial Yield Davenport, IA 52802

Investment Highlights

  • Situated in Davenport's West End, known for its historic charm and community atmosphere
  • Easy access to public transit and major roadways, facilitating convenient commutes
  • Schools: Close to Monroe Elementary School, Frank L. Smart Intermediate School, and West High School
  • Nightlife and Entertainment: A short drive to downtown Davenport, offering a variety of dining, entertainment, and cultural venues

Executive Summary

Charming 4-Unit Property in Davenport's West End
Located at 1819 W 3rd St, Davenport, IA 52802, this well-maintained property offers four comfortable 1-bedroom units, each featuring a full bath. Residents will appreciate the backyard space and off-street parking.
Neighborhood: Situated in Davenport's West End, known for its historic charm and community atmosphere.
Proximity to Amenities:
Schools: Close to Monroe Elementary School, Frank L. Smart Intermediate School, and West High School.
ZILLOW
Transportation: Easy access to public transit and major roadways, facilitating convenient commutes.
Nightlife and Entertainment: A short drive to downtown Davenport, offering a variety of dining, entertainment, and cultural venues.
This property combines comfortable living with a prime location, making it an excellent choice for tenants seeking convenience and community.

Data Room Click Here to Access

Financial Summary (Actual - 2023)

Annual Annual Per SF
Gross Rental Income £21,830 £4.55
Other Income - -
Vacancy Loss - -
Effective Gross Income £21,830 £4.55
Taxes £1,305 £0.27
Operating Expenses £3,901 £0.81
Total Expenses £5,206 £1.09
Net Operating Income £16,624 £3.47

Financial Summary (Actual - 2023)

Gross Rental Income
Annual £21,830
Annual Per SF £4.55
Other Income
Annual -
Annual Per SF -
Vacancy Loss
Annual -
Annual Per SF -
Effective Gross Income
Annual £21,830
Annual Per SF £4.55
Taxes
Annual £1,305
Annual Per SF £0.27
Operating Expenses
Annual £3,901
Annual Per SF £0.81
Total Expenses
Annual £5,206
Annual Per SF £1.09
Net Operating Income
Annual £16,624
Annual Per SF £3.47

Property Facts

Price £155,708
Price Per Unit £38,927
Sale Type Investment
Net Initial Yield 10.68%
Gross Rent Multiplier 7.13
No. Units 4
Property Type Residential
Property Subtype Apartment
Apartment Style Low Rise
Building Class C
Lot Size 0.16 AC
Building Size 4,796 SF
Average Occupancy 100%
Number of Floors 2
Year Built 1940

Unit Amenities

  • Cable Ready
  • Ceiling Fans
  • Kitchen
  • Refrigerator
  • Oven
  • Deck
  • Lawn

Unit Mix Information

Description No. Units Avg. Rent.Mo SF
1+1 4 £469.47 500

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
K0003-12
Land Assessment
£15,845 (2024)
Improvements Assessment
£70,162 (2024)
Total Assessment
£86,007 (2024)
Annual Taxes
£1,305 (£0.27/sf)
Tax Year
2023
  • Listing ID: 29034189

  • Date on Market: 18/07/2023

  • Last Updated:

  • Address: 1819 W 3rd St, Davenport, IA 52802

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