5529 34th ave

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: 5529 34th Avenue, Moline, Illinois - offered at $700.000 Structure: 12-unit building Unit Mix: All units are two-bedroom, one-bath Built: 1979 Highlights: This property offers spacious units with stable cash flow and excellent upside on rent growth. This property can be offered as a portfolio sale, along with a 6-unit property at 1208 13th Street East Moline, Illinois, listed at $170,000. 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.