2502 ROCKINGHAM RD new Save Request In-Person Tour Request Virtual Tour
Davenport,IA 52802
Key Details
Property Type Single Family Home
Sub Type Residential Income
Listing Status Active
Purchase Type For Sale
Square Footage 4,116 sqft
Price per Sqft $60
MLS Listing ID QC4266310
Year Built 1904
Annual Tax Amount $3,772
Tax Year 2024
Lot Size 0.260 Acres
Property Sub-Type Residential Income
Property Description
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)
Location
State IA
County Scott
Area Qcara Area
Interior
Heating Natural Gas
Cooling None
Laundry Units Hook-Ups
Exterior
View true
Roof Type Shingle
Building
Lot Description Level
Foundation Block,Brick/Mortar
Water Public Sewer,Public
Structure Type Vinyl Siding
New Construction false
Schools
High Schools Davenport