4000 Archer Drive
Property Description
Lux Off Archer presents a compelling opportunity to acquire a fully renovated, cash-flowing townhome community in the Quad Cities MSA. This 76-unit asset offers investors stable, in-place cash flow through a fully renovated townhome product, featuring a differentiated two- and three-bedroom unit mix in a supply-constrained, high-occupancy submarket with only two comparable assets. The property is uniquely positioned as one of only two true townhome-style communities in the East Moline submarket, creating a distinct competitive advantage. Lux Off Archer’s spacious two- and three-bedroom layouts, coupled with top-of-market interior finishes including new stainless steel appliances, quartz or granite countertops, modern kitchen cabinetry, luxury vinyl wood flooring, freshly painted walls, dishwashers, breakfast bars, ceiling fans, and modern finishes, differentiate the asset from the predominantly garden-style competitive set. This positioning supports strong tenant demand, limited direct competition, and the ability to achieve above-market yields. With limited new supply in the immediate East Moline submarket and a competitive set averaging approximately 5% vacancy, Lux Off Archer offers investors the ability to continue improving operations and maintain a compelling affordability position relative to newer Quad Cities product.
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | Apartment Buildings |
| No. of Units: | 76 |
| Year Built: | 1980 |
| Opportunity Zone: | No |
| Property Website | Click Here |
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