1111 Avenue Of The Cities - Apartments FOR SALE


East Moline, IL 61244- Outer Rock Island/Moline
$6,600,000 USD
219-246-9026
1111 Avenue Of The Cities, East Moline, IL for Sale
$6,600,000 USD
Apartments - FOR SALE
1/7
null | Request Cap Rate

1111 Avenue Of The Cities
East Moline, IL 61244
Outer Rock Island/Moline


HIGHLIGHTS

  • Strong tenant base with proximity to major employers
  • Upside via continued implementation of value-add program
  • 474K+ population in Quad Cities MSA
  • Ideal unit mix of one & two-bedrooms
  • On site laundry facilities

OVERVIEW

The Avenues at East Moline is a 113-unit value-add apartment community in East Moline, Illinois - a part of the greater Quad Cities MSA which includes Rock Island and Moline, IL as well as Bettendorf & Davenport, IA. The community benefits from its strategic location near education, entertainment, and retail corridors offering grocers, shops, dining, and employment drivers. Over 54% of the units have been renovated and new ownership can capitalize on the continued implementation of a value-add program.

FOR SALE DETAILS

PRICE

$6,600,000 USD

PRICE/SF

$70 USD /SF

# OF UNITS

114

PRICE/UNIT

$57,895

CAP RATE

Request Cap Rate

% LEASED

89%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

The Avenues at East Moline

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1966

PARKING SPACES

130

LAND DETAILS

LAND ACRES

2.8 AC

LAND SF

121,968 SF

ZONING

R1

APN/PARCEL ID

17-01-400-005

ASK ABOUT THIS PROPERTY

Kyle SissellKiser GroupMore Info
219-246-9026

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Kyle SissellKiser GroupMore Info
219-246-9026

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.