Thirteen-unit commercial investment property located within Davenport’s I-MU (Industrial Mixed Use) district near the downtown core and riverfront. The property is fully occupied and generates a Net Operating Income of $37, 681, reflecting an 8.03% cap rate based on current operating performance. ±7, 943 SF brick building on ±0.14 acres featuring multi-tenant layouts and consistent occupancy. Ownership provides utilities for this building and charges tenants an additional $50 per month during the months they use window A/C units. Property includes an on-site parking lot accessible from an alley off Brown or Warren Street. Strong visibility and accessibility via downtown arterials. Property is located within the mapped floodplain. Also available as a portfolio: 413 W. 6th St (G0054-22) • 1429 Brady St (G0024-15) • 1816 Davenport Ave (F0004-31) • 805 W. 2nd St (L0014-11) • 709 Perry St (G0041-14). Entire portfolio offered collectively for $1, 250, 000, representing approximately a 5% savings compared with individual pricing.
