Homes for sale - 4300 12TH AVE, Moline, IL 61265

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Kyle Robinson

kylerobinson@epique.me +1(563) 505-1806

Listed by Shawn Stuenkel • Hawkeye Commercial Real Estate

$ 1,650,000

Est. payment | -/mo

20,160 SqFt

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$ 1,650,000

Est. payment | -/mo

Save

20,160 SqFt

Key Details

Property Type Commercial

Sub Type Commercial

Listing Status Active

Purchase Type For Sale

Square Footage 20,160 sqft

Price per Sqft $81

MLS Listing ID QC4268687

Year Built 1975

Annual Tax Amount $40,856

Tax Year 2024

Lot Size 1.440 Acres

Acres 1.44

Property Sub-Type Commercial

Source rmlsa

Property Description

Great investment opportunity! Three-Story mixed-use building with 24 apartment units on the 2nd and 3rd floor and commercial on the main level facing North. There are 16-studio apartments located on the second floor. The third floor contains (4) 1 Bedroom/1 Bath and (4) 2 Bedroom/ 1 Bathroom units with private balconies. All apartments offer standard finishes and are well maintained. Tenant pays for gas and electric. Owner pays taxes, insurance, water, sewer, and garbage. Individual unit wall mounted A/C systems for cooling and 2 boiler systems used to heat Suite 2 on the 1st floor and studio units on the 2nd floor. 3rd floor units have individual forced air HVAC units. Coin operated Washer/dryers offered in two common areas within the building, not in unit. 64 total parking spaces (48 lines spaces to the North and 16 on the South side). No garages, all uncovered parking. Rent roll including rental rates available upon execution of a confidentiality agreement. Financials will not be provided without an offer to purchase on agreed to price and terms. Current list price is based on an 8.7% Cap. Additional rental income potential with vacant suite 1 (2,208 sf) listed at $12.00/sf. See MLS: QC4268473 Contact listing agent for showing details.

Location

State IL

County Rock Island

Area Qcara Area

Zoning O-1

Direction East on 12th Ave in Moline to subject property

Interior

Heating Forced Air, Individual Unit, Other, Baseboard

Cooling Central Air, Wall/Window Unit(s)

Flooring Carpet, Concrete, Tile

Fireplace N

Exterior

View true

Roof Type Composition Shingle

Garage 1

Building

Building Description Brick,Vinyl Siding,Frame,Stone, Cable,Community Wifi

Faces East on 12th Ave in Moline to subject property

Sewer Public Sewer

Water Municipal/City

Structure Type Brick,Vinyl Siding,Frame,Stone

Others

Tax ID 17-03-202-010

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Kyle Robinson

Team Leader | License ID: S6239700 | 47516300

+1(563) 505-1806 | kylerobinson@epique.me

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4300 12TH AVE Moline, IL 61265

Kyle Robinson

Key Details

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Interior

Exterior

Building

Others

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4300 12TH AVE