Pending
Pending (No Showings)
2440 SHAKER Court
Bettendorf IA, 52722-3182
$999,900
$85.14 per sqft
Pending
Pending (No Showings)
11,744 sqft
Commercial
Built in 1975
If you're looking for a fantastic investment, look no further! Right in the heart of Bettendorf, this turnkey 10-unit apartment building has been completely renovated. Each apartment comes with 2 bedrooms, 1 bathroom, & 2 parking spaces. It's been updated with all modern fixtures, including new furnaces & central air units. There's a laundry room with coin-operated machines, & each unit has a storage cage in the basement. Plus, there are separate gas & electric meters for each unit. Current market rate for rent is $995 plus utilities. The location is super convenient too, close to schools & right near I-74, so getting around is a breeze. Projected income for the property stands at $133,490 with rent, laundry, pet fees, & utility recovery offering strong cash flow. There's also an opportunity for value add, with raw space that can be converted into an additional 1-bed apartment for an estimated $70k, potentially generating $775-800 in monthly rent. With full occupancy anticipated in weeks, this property is read to deliver solid returns! Seller is a REALTOR(r) Licensed in IA, IL & FL.
QC4256601
MLSⓇ ID
September 18, 2024
Listed
November 11, 2024
Updated
Map
2440 SHAKER Court
Bettendorf IA, 52722-3182
Interior Features
Total Stories
10
Floor Description
Other
Fireplace
No
Cooling
Yes
Cooling Description
Central Air, Individual Control, Individual Units
Heating
Yes
Heating Description
Forced Air, Gas, Individual Unit
Exterior/Building Features
Lot Size
0.51 Acres
Roof
Flat, Other
Sewer
Public Sewer
Other Property Details
Taxes
$10,316
Tax Frequency
Annually
Days on Market
54
Garage
No
Parking Total
20
View
No
County
Scott
Water Source
Municipal/City
Pool
No
Zoning
Commercial
Listing History
Date | Event | Price |
|---|---|---|
11/11/2024 | Pending | — |
11/6/2024 | Price change | $999,900 -5% |
Listed by with RE/MAX Concepts Bettendorf
Listing Contact: [email protected]
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Based on information submitted to the MLS GRID as of 11/11/2024