Excellent cash flowing 12-unit multi-family asset in the Quad Cities with rental upside!

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.

**Moline, Illinois: A Keystone in the Quad Cities**

Nestled in the heart of the Quad Cities, Moline, Illinois, is a vibrant city that boasts a rich blend of culture, history, and economic vitality. As one of the key cities in the Quad Cities MSA, Moline offers a strategic location that combines the charm of small-town living with the benefits of a metropolitan area. The city is on the majestic Mississippi River, providing stunning waterfront views and abundant recreational opportunities, including biking, hiking, and fishing.

Moline is noted for its robust economy, anchored by manufacturing giants and a growing sector of small businesses and tech startups. The city’s downtown area has undergone significant revitalization, presenting attractive amenities such as boutique shops, fine dining, and cultural institutions like the renowned Quad City Symphony Orchestra.

Residents benefit from excellent educational institutions, well-maintained parks, and various community events that enhance their quality of life. The city's strategic location offers easy access to major highways and the Quad City International Airport, facilitating business and leisure travel.

This 12-unit property in Moline represents a prime investment opportunity in an area known for its steady rental demand and strong community ties. It is ideal for those looking to invest in a stable and growing market.