1208 13th st

Property Description

Introducing a unique investment opportunity in the Quad Cities, an economically robust region straddling Illinois and Iowa. This portfolio comprises two multifamily properties, totaling 18 units, positioned in prime locations that promise consistent cash flow and appreciative value. This portfolio presents a strategic acquisition opportunity in a high-demand market. Property Details: 1208 13th Street East Moline, Illinois Structure: 6-unit building Composition: 4 one-bedroom units and 2 two-bedroom units Built: 1932 Highlights: A mix of unit types caters to varied demographic needs, featuring modern amenities in a classic structure. This property is offered as a portfolio sale, along with a 12-unit property at 5529 34th Ave Moline, Illinois. Market Advantages: The Quad Cities market is noted for its economic resilience and growth, bolstered by a diverse industrial base and significant educational institutions. With a cost of living 16% below the national average and a thriving job market, the area is attractive for young professionals and families. The strategic location halfway between Chicago and Des Moines enhances its desirability. Investment Potential: Both properties are well-maintained, offering immediate cash flow with potential for rental increases as the market strengthens. The existing tenant base is stable, reflecting the area's low vacancy rates and high demand for residential units.