1819 W 3rd St
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1819 W 3rd St
4 Unit Apartment Building $282,978 CAD ($70,745 CAD/Unit) 10.68% Cap Rate 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.
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 (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$39,674
|
$8.27
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$39,674
|
$8.27
|
| Taxes |
$2,372
|
$0.49
|
| Operating Expenses |
$7,090
|
$1.48
|
| Total Expenses |
$9,462
|
$1.97
|
| Net Operating Income |
$30,212
|
$6.30
|
Financial Summary (Actual - 2023)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $39,674 |
| Annual Per SF | $8.27 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $39,674 |
| Annual Per SF | $8.27 |
| Taxes (CAD) | |
|---|---|
| Annual | $2,372 |
| Annual Per SF | $0.49 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $7,090 |
| Annual Per SF | $1.48 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $9,462 |
| Annual Per SF | $1.97 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $30,212 |
| Annual Per SF | $6.30 |
Property Facts
| Price | $282,978 CAD | Apartment Style | Low Rise |
| Price Per Unit | $70,745 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.16 AC |
| Cap Rate | 10.68% | Building Size | 4,796 SF |
| Gross Rent Multiplier | 7.13 | Average Occupancy | 100% |
| No. Units | 4 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1940 |
| Property Subtype | Apartment |
| Price | $282,978 CAD |
| Price Per Unit | $70,745 CAD |
| Sale Type | Investment |
| Cap Rate | 10.68% |
| Gross Rent Multiplier | 7.13 |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 0.16 AC |
| Building Size | 4,796 SF |
| Average Occupancy | 100% |
| No. Stories | 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 | $853.20 CAD | 500 |
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PROPERTY TAXES
| Parcel Number | K0003-12 | Total Assessment | $153,300 CAD (2024) |
| Land Assessment | $28,242 CAD (2024) | Annual Taxes | $2,372 CAD ($0.49 CAD/SF) |
| Improvements Assessment | $125,058 CAD (2024) | Tax Year | 2023 |
PROPERTY TAXES
Parcel Number
K0003-12
Land Assessment
$28,242 CAD (2024)
Improvements Assessment
$125,058 CAD (2024)
Total Assessment
$153,300 CAD (2024)
Annual Taxes
$2,372 CAD ($0.49 CAD/SF)
Tax Year
2023
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1819 W 3rd St
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