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Davenport,IA 52803
Key Details
Property Type Single Family Home, Multi-Family
Sub Type Residential Income
Listing Status Active
Purchase Type For Sale
Square Footage 4,817 sqft
Price per Sqft $57
Subdivision Cutter Oak Lane
MLS Listing ID QC4266940
Maintenance Fees $1,750
Year Built 1920
Annual Tax Amount $4,858
Tax Year 2024
Lot Size 10,454 Sqft
Acres 0.24
Lot Dimensions 75X127
Property Sub-Type Residential Income
Source rmlsa
Property Description
Great investment opportunity! This 4 unit conversion offers updated units with 3 long-term tenants, 2 are currently month-to-month. Unit 3 is vacant, but a new tenant with a lease is in process. It was previously listed as a 5 unit property, but unit 5 (walk up attic) is not habitable, and the county reassessed and lowered the taxable amount by almost $40K for 2025! Attic unit has a fire escape and potential to be finished and added to unit 4 for a 2 level - 3 bedroom, 2 bathroom apartment. Tenants pay electricity only. Fireplaces are inoperable. Water heater was replaced in 2020. Dual furnace has an annual maintenance agreement. Exterior wood will be painted in the coming weeks. Schedule a showing today!
Location
State IA
County Scott
Area Qcara Area
Direction From East Locust Street go north on Oak Lane
Rooms
Basement Full
Interior
Heating Natural Gas
Fireplace N
Exterior
View true
Roof Type Shingle
Total Parking Spaces 6
Garage 1
Building
Lot Description Level
Faces From East Locust Street go north on Oak Lane
Unit Features [{\"UnitTypeBedsTotal\":1,\"UnitTypeType\":\"Unit 1\",\"RMA_FullBaths\":\"1\",\"RMA_HalfBaths\":\"0\",\"UnitTypeActualRent\":500,\"RMA_NumberParking\":\"1\",\"RMA_NumberUncovered\":\"1\",\"RMA_FireplaceYN\":\"Y\",\"RMA_NumberCovered\":\"0\",\"UnitTypeKey\":\"RMA1398878Group_1\"},{\"UnitTypeBedsTotal\":2,\"UnitTypeType\":\"Unit 2\",\"RMA_FullBaths\":\"1\",\"RMA_HalfBaths\":\"0\",\"UnitTypeActualRent\":725,\"RMA_NumberParking\":\"2\",\"RMA_NumberUncovered\":\"1\",\"RMA_FireplaceYN\":\"N\",\"RMA_NumberCovered\":\"0\",\"UnitTypeKey\":\"RMA1398878Group_2\"},{\"UnitTypeBedsTotal\":1,\"UnitTypeType\":\"Unit 3\",\"RMA_FullBaths\":\"1\",\"RMA_HalfBaths\":\"0\",\"UnitTypeActualRent\":700,\"RMA_NumberParking\":\"1\",\"RMA_NumberUncovered\":\"1\",\"RMA_FireplaceYN\":\"N\",\"RMA_NumberCovered\":\"0\",\"UnitTypeKey\":\"RMA1398878Group_3\"},{\"UnitTypeBedsTotal\":2,\"UnitTypeType\":\"Unit 4\",\"RMA_FullBaths\":\"1\",\"RMA_HalfBaths\":\"0\",\"UnitTypeActualRent\":600,\"RMA_NumberParking\":\"2\",\"RMA_NumberUncovered\":\"1\",\"RMA_FireplaceYN\":\"N\",\"RMA_NumberCovered\":\"0\",\"UnitTypeKey\":\"RMA1398878Group_4\"}]
Foundation Block
Water Public Sewer,Public
Structure Type Aluminum Siding,Wood Siding
New Construction false
Schools
High Schools Davenport
Others
Tax ID C0061-22