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$183,900
Est. payment /mo
9,147 Sqft Lot
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Two to Four Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID 12670936
Style American 4-Sq.
Year Built 1900
Annual Tax Amount $2,492
Tax Year 2024
Lot Size 9,147 Sqft
Property Sub-Type Two to Four Units
Property Description
EASY TO SHOW! Don't miss this rare chance to own an income-producing duplex in Bettendorf for under $185K. With a recent appraisal of $184,000 in hand, the seller has priced the property just below appraised value. Investment properties at this price point are becoming increasingly difficult to find, making this an attractive addition to any portfolio or an excellent opportunity for an owner-occupant looking to offset their housing expenses. This up/down duplex features a 2-bedroom lower unit and a 3-bedroom upper unit. Most recently leased for a combined gross monthly income of $1,950, offering immediate cash-flow potential with room to increase rents over time. Investors can appreciate the strong income-producing capability and return potential, with estimated returns approaching double digits based on recent rental history. Numerous updates have already been completed, including newer roof and siding, newer furnace, fresh paint, and cosmetic improvements throughout. The basement is solid, accessible to both units, and includes shared laundry facilities for tenant convenience. Off-street parking is available for tenants. Landlord currently pays gas, water, sewer, and trash, with gas averaging approximately $122/mo. The property is currently vacant, making it exceptionally easy to see and providing flexibility for the next owner to select tenants, adjust rents to market rates, or occupy one unit while generating income from the other. Fresh, updated, and ready for its next chapter, this is a rare chance to acquire a Bettendorf duplex with strong income potential in one of the Quad Cities' most desirable rental markets.
Location
State IA
County Scott
Area Bettendorf
Rooms
Basement Unfinished, Partial
Interior
Heating Natural Gas
Fireplace N
Exterior
Exterior Feature Balcony
Community Features Street Lights
Roof Type Asphalt
Building
Lot Description Level, Other
Dwelling Type Two to Four Units
Sewer Public Sewer
Water Public
Structure Type Vinyl Siding
New Construction false
Schools
School District 621 , 621, 621
Others
Special Listing Condition Standard
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Listed by Tricia Shy of Haven. Real Estate
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Crosstown Realtors
Owner | License ID: 471019341