5113 Devils Glen Rd - Apartments FOR SALE


Bettendorf, IA 52722- Outer Davenport/Bettendorf
$5,100,000 USD
563-500-1848
5113 Devils Glen Rd, Bettendorf, IA for Sale
$5,100,000 USD
Apartments - FOR SALE
1/9
null | 8.09% Cap Rate

5113 Devils Glen Rd
Bettendorf, IA 52722
Outer Davenport/Bettendorf


HIGHLIGHTS

  • Located near Historic Crow Creek Park
  • Conveniently Located on a Public Transportation route
  • Excellent Highway Visibility
  • Convenient access to I-74 which opens up easy transportation between the building site and 5 Major Parks Making it the perfect for the outdoorsmen
  • Amenities include - Community-Wide WiFi, Property Manager on Site, Walking/Biking Trails & Online Services.

OVERVIEW

**For Sale: Multi-Family Opportunity – Townhomes on Devils Glen** This multi-family investment in a highly sought-after area features a mix of 12 three-bedroom townhomes and a 22-unit apartment building. Built in 2020, the property offers immediate value-add potential, as current management is actively raising rents by $300 on all lease renewals, targeting a 7.5% cap rate within months of new ownership. Units feature luxury finishes, including Modeled Oak LVT, stainless steel appliances, and in-unit washers and dryers. Located in the Pleasant Valley School District, residents enjoy convenient access to dining, shopping, parks, and major highways.

FOR SALE DETAILS

PRICE

$5,100,000 USD

PRICE/SF

$175 USD /SF

# OF UNITS

34

PRICE/UNIT

$150,000

CAP RATE

8.09%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Crow Creek Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

2020

PARKING SPACES

69

LAND DETAILS

LAND ACRES

1.88 AC

LAND SF

81,893 SF

ZONING

MF

APN/PARCEL ID

841037102

ASK ABOUT THIS PROPERTY

David KempenRE/MAX Best CommercialMore Info
563-500-1848

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David KempenRE/MAX Best CommercialMore Info
563-500-1848

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