Contact us: 563.441.1776
Description
Excellent investment opportunity in the heart of Bettendorf, just minutes from downtown. This unique property includes two parcels with a strong mix of residential and commercial income. The property features three storage/warehouse units, two approximately 1,250 square feet and one approximately 1,200 square feet, each currently leased at $1,250 per month. In addition, the property includes two single-family homes. One home offers 1,249 square feet and is rented at $1,400 per month, while the second home offers 861 square feet and is also rented at $1,400 per month. Total gross monthly rents are $6,550, providing immediate cash flow with a diversified tenant base. Tenants are already in place, making this a true turnkey opportunity for investors looking to expand their portfolio. Convenient location near downtown Bettendorf with easy access to local amenities, major roads, and continued area growth. Whether you are looking for steady income, long term appreciation, or a combination of both, this property checks all the boxes.
Property Highlights
Property Type: Commercial - Office
Year Built: 1933
General Information
County: Scott
Listed By:
Epique Realty
319-540-1002
MRED MLS
MLS ID: 12631776
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425 And 428 1/2 28th Street, Bettendorf, IA 52722.
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563-441-1862
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| Loan Type | 30 Year Fixed | FHA 30 Year Fixed | 15 Year Fixed |
| Purchase Price | $790,000 | $790,000 | $790,000 |
| Down Payment | $158,000 | $27,650 | $197,500 |
| Monthly Mortgage Amount | $3,789 | $4,651 | $4,881 |
| Taxes | $1099 | $1099 | $1099 |
| Insurance | $100 | $100 | $100 |
| HOA/Dues/Fees | $0 | $0 | $0 |
| Monthly Mortage Insurance | $0 | $347 | $0 |
| Monthly Estimated Total | $5,118 | $6,327 | $6,210 |
About this area
About Bettendorf
One of the Quad Cities, Bettendorf, IA is a growing community right on the Mississippi River neighboring Davenport and the Illinois cities of Moline, East Moline, and Rock Island. It’s also close to Chicago, St. Louis, Iowa City, and Des Moines. With so many beautiful parks and easily accessible bike paths, this area is fun for the whole family, no matter their age.
Named America’s 95th Best Town by CNNMoney, Bettendorf is located in Scotts County and is the 15th largest city in Iowa and the 4th largest city in the Quad Cities. Part of the Davenport-Moline-Rock Island, IA-IL Metropolitan Area, it’s consistently voted as one of the best places to live in Iowa. It also offers residents a dense suburban feel with lots of bars, restaurants, and parks.
From growing families and singles to empty nesters and young professionals, the combination of the urban and suburban life in Bettendorf is hard to beat. Residents enjoy easy access to bike trails, unmatched walkability, and convenient access to the I-74, US 67, and I-80.
With five elementary schools, a robust middle school, and two excellent high schools in the neighborhood or in very close proximity, the community is not just supportive but very proud of the teachers and students here and works hard to ensure every student’s success.
Folks will find a great selection of things to do and places to go along the Mississippi River. Whether you want to take in the majesty of the I-74 Bridge, try your luck at the casino, find a million and one places to watch the big game with friends, or grab some grub after work with coworkers, having a good time with your friends and family is pretty much guaranteed here.
If you are ready to start your real estate buying or selling journey, browse the newest homes for sale in Bettendorf, IA. You can also contact us—we are here to help!
Nearest Ruhl & Ruhl Office: Bettendorf
1228 Middle Road
Bettendorf, IA 52722
(563) 441-1776
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Member Participants (and their affiliated licensees, if applicable) shall indicate on their websites that IDX information is provided exclusively for consumers’ personal non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, that the data is deemed reliable but is not guaranteed by MLS GRID, and that the use of the MLS GRID Data may be subject to an end user license agreement prescribed by the Member Participant’s applicable MLS if any and as amended from time to time. MLS GRID may, at its discretion, require use of other disclaimers as necessary to protect Member Participant, and/or their MLS from liability.
Based on information submitted to the MLS GRID. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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