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2202 E LOCUST ST Davenport, IA 52803
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Key Details
Sold Price $80,000
Property Type Single Family Home
Sub Type Residential Income
Listing Status Sold
Purchase Type For Sale
Square Footage 1,563 sqft
Price per Sqft $51
Subdivision Thomas
MLS Listing ID QC4262447
Sold Date 05/23/25
Year Built 1864
Annual Tax Amount $1,416
Tax Year 2023
Lot Size 0.260 Acres
Acres 0.26
Lot Dimensions 74x150
Property Sub-Type Residential Income
Source rmlsa
Property Description
Investor's Dream in Northeast Davenport – 11% Cap Rate! This multi-family property features two 1-bedroom, 1-bathroom units, both currently occupied by long-term tenants who wish to stay—providing immediate cash flow from day one. Situated in desirable northeast Davenport, the property boasts a spacious parking lot, along with a 2-car detached garage, offering convenience and added value for tenants. With a strong 11% cap rate, this is a rare chance to secure a high-performing asset in a stable rental market. Whether you're a seasoned investor or just getting started, this property offers the perfect blend of low maintenance, solid returns, and reliable rental income. Don't miss out—start earning from day one!
Location
State IA
County Scott
Area Qcara Area
Direction East on Middle Road to East on Locust Street
Rooms
Basement None
Interior
Heating Natural Gas, Radiant
Cooling None
Fireplace N
Exterior
View true
Roof Type Shingle
Total Parking Spaces 2
Garage 1
Building
Lot Description Level
Faces East on Middle Road to East on Locust Street
Unit Features [{\"UnitTypeBedsTotal\":1,\"UnitTypeType\":\"Unit 1\",\"RMA_FullBaths\":\"1\",\"RMA_HalfBaths\":\"0\",\"UnitTypeActualRent\":700,\"RMA_NumberParking\":\"1\",\"RMA_NumberUncovered\":\"1\",\"RMA_FireplaceYN\":\"N\",\"RMA_NumberCovered\":\"0\",\"UnitTypeKey\":\"RMA1386065Group_1\"},{\"UnitTypeBedsTotal\":1,\"UnitTypeType\":\"Unit 2\",\"RMA_FullBaths\":\"1\",\"RMA_HalfBaths\":\"0\",\"UnitTypeActualRent\":650,\"RMA_NumberParking\":\"1\",\"RMA_NumberUncovered\":\"1\",\"RMA_FireplaceYN\":\"N\",\"RMA_NumberCovered\":\"0\",\"UnitTypeKey\":\"RMA1386065Group_2\"}]
Water Public Sewer
Structure Type Aluminum Siding,Brick
New Construction false
Schools
High Schools Davenport
Others
Tax ID D0062-36
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