Fantastic investment opportunity in the heart of Davenport’s West End! This well-maintained fourplex offers four spacious units, each featuring 2 bedrooms, 1 bathroom, and convenient in-unit laundry hookups. All units are currently leased, providing immediate cash flow from day one. Enjoy a strong rental history, low operating costs, and an impressive return on investment. With annual gross rents of $38,400 and a solid tenant base, this property is an ideal addition to any portfolio—whether you’re a seasoned investor or just starting out. Located near shopping, dining, and major roadways, this centrally located property ensures long-term tenant demand. Don’t miss your chance to own a turn-key, income-producing asset in a high-demand rental area! Financial Highlights: Gross Annual Rent: $38,400 Annual Expenses: $7,878 (Water/Sewer: $4,200 | Dumpster Service: $1,500 | Property Insurance: $2,178) Net Operating Income: $30,522 Annual ROI: 12.21% (based on $250,000 investment)
For sale
$250,000
2502 Rockingham Rd, Davenport, IA 52802
8beds
4baths
4,116sqft
Est.:
Multi Family, Quadruplex
Built in 1904
-- sqft lot
$-- Zestimate®
$61/sqft
$-- HOA
What's special
Spacious unitsIn-unit laundry hookups
- 2 hours
- on Zillow |
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