1208 13th st , East Moline , IL, 61244

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.

**East Moline: A Growing Community with Promising Potential**

East Moline, Illinois, part of the dynamic Quad Cities metro, offers a blend of suburban serenity and urban convenience. With a population of approximately 21,000, this city fosters a close-knit community atmosphere while benefiting from the economic and cultural vibrancy of the larger Quad Cities area. The median household income is around $51,000, reflecting a stable economic environment with diverse employment opportunities. East Moline has seen consistent growth thanks to its strategic location along the Mississippi River, which enhances its scenic beauty and attracts development and tourism. The city’s commitment to community and economic development makes it an attractive locale for investors looking for sustainable growth and a stable rental market.