1421 GRAND AVE new Save Request In-Person Tour Request Virtual Tour
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 4,588 sqft
Price per Sqft $50
Subdivision Leclaire
MLS Listing ID QC4262397
Originating Board rmlsa
Year Built 1900
Annual Tax Amount $2,756
Tax Year 2023
Lot Size 6,098 Sqft
Acres 0.14
Lot Dimensions 65x94
Property Sub-Type Residential Income
Property Description
Investors! This well-maintained turn key 4-unit multifamily property with strong cash flow features four spacious 2-bed, 1-bath units (two upper, two lower), with three units currently leased—lower units at $850/month and upper units at $800/month. Tenants pay gas and electric, keeping expenses low. Recent updates include a new roof (2023), foundation tuck-pointing and soffit repairs (2024), new porch (2024), two new water heaters, a new sewer stack, recently painted interiors, bathroom floor replaced, and some replaced kitchen appliances. Furnaces have been serviced annually. A large unfinished walk-up attic—currently locked but accessible through one of the upper units—offers additional space with potential for storage or future finishing. The large unfinished basement has several areas for storage as well. Security cameras belonged to a previous tenant and stay with home (not currently in use). Located near major thoroughfares with easy access to schools, downtown, and the East Village, this property is ideally situated as an excellent opportunity for investors seeking immediate income with value-add upside. Showings only with preapproval or proof of funds. Vacant unit available to show until leased. Pictures of 1425 Unit 1 represent general condition of all units - they are essentially mirrors of one another. No sign on property.
Location
State IA
County Scott
Area Qcara Area
Zoning Residential
Direction SE corner of 15th and Grand.
Rooms
Basement Full,Unfinished
Interior
Heating Forced Air,Natural Gas
Fireplace N
Exterior
View true
Roof Type Shingle
Street Surface Paved
Garage 1
Building
Lot Description Corner Lot,Level
Faces SE corner of 15th and Grand.
Unit Features [{\"UnitTypeBedsTotal\":2,\"UnitTypeType\":\"Unit 1\",\"RMA_FullBaths\":\"1\",\"RMA_HalfBaths\":\"0\",\"UnitTypeActualRent\":850,\"RMA_NumberParking\":\"0\",\"RMA_NumberUncovered\":\"0\",\"RMA_FireplaceYN\":\"N\",\"RMA_NumberCovered\":\"0\",\"UnitTypeKey\":\"RMA1385923Group_1\"},{\"UnitTypeBedsTotal\":2,\"UnitTypeType\":\"Unit 2\",\"RMA_FullBaths\":\"1\",\"RMA_HalfBaths\":\"0\",\"UnitTypeActualRent\":775,\"RMA_NumberParking\":\"0\",\"RMA_NumberUncovered\":\"0\",\"RMA_FireplaceYN\":\"N\",\"RMA_NumberCovered\":\"0\",\"UnitTypeKey\":\"RMA1385923Group_2\"},{\"UnitTypeBedsTotal\":2,\"UnitTypeType\":\"Unit 3\",\"RMA_FullBaths\":\"1\",\"RMA_HalfBaths\":\"0\",\"RMA_NumberParking\":\"0\",\"RMA_NumberUncovered\":\"0\",\"RMA_FireplaceYN\":\"N\",\"RMA_NumberCovered\":\"0\",\"UnitTypeKey\":\"RMA1385923Group_3\"},{\"UnitTypeBedsTotal\":2,\"UnitTypeType\":\"Unit 4\",\"RMA_FullBaths\":\"1\",\"RMA_HalfBaths\":\"0\",\"UnitTypeActualRent\":825,\"RMA_NumberParking\":\"0\",\"RMA_NumberUncovered\":\"0\",\"RMA_FireplaceYN\":\"N\",\"RMA_NumberCovered\":\"0\",\"UnitTypeKey\":\"RMA1385923Group_4\"}]
Water Public Sewer,Public
Structure Type Vinyl Siding
New Construction false
Schools
High Schools Davenport
Others
Tax ID F0013-24