Homes for sale - 1421 GRAND AVE, Davenport, IA 52803

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Rachel Anderson

rachel@sellingqc.com +1(309) 235-2939

Listed by David Wilkinson • Currents and Keys Realty

$ 230,000

Est. payment | -/mo

4,588 SqFt

Save

$ 230,000

Est. payment | -/mo

Save

4,588 SqFt

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

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(309) 235-2939

rachel@sellingqc.com

1421 GRAND AVE Davenport, IA 52803