Kim Wilkins
- Buy
- Sell
https://www.ruhlmortgage.com/GregCotton.html
Description
EASY TO SHOW! Don't miss this rare chance to own an income-producing duplex in Bettendorf for under $185K. With a recent appraisal of $184,000 in hand, the seller has priced the property just below appraised value. Investment properties at this price point are becoming increasingly difficult to find, making this an attractive addition to any portfolio or an excellent opportunity for an owner-occupant looking to offset their housing expenses. This up/down duplex features a 2-bedroom lower unit and a 3-bedroom upper unit. Most recently leased for a combined gross monthly income of $1,950, offering immediate cash-flow potential with room to increase rents over time. Investors can appreciate the strong income-producing capability and return potential, with estimated returns approaching double digits based on recent rental history. Numerous updates have already been completed, including newer roof and siding, newer furnace, fresh paint, and cosmetic improvements throughout. The basement is solid, accessible to both units, and includes shared laundry facilities for tenant convenience. Off-street parking is available for tenants. Landlord currently pays gas, water, sewer, and trash, with gas averaging approximately $122/mo. The property is currently vacant, making it exceptionally easy to see and providing flexibility for the next owner to select tenants, adjust rents to market rates, or occupy one unit while generating income from the other. Fresh, updated, and ready for its next chapter, this is a rare chance to acquire a Bettendorf duplex with strong income potential in one of the Quad Cities' most desirable rental markets.
Property Highlights
Property Type: Multi Unit - Multiple
General Information
County: Scott
Listed By:
Haven. Real Estate
563-343-9533
MRED MLS
MLS ID: 12670936
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452 21st Street , Bettendorf, IA 52722.
Mortgage Calculator
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563-441-1862
toll free 866-441-1862
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| Loan Type | 30 Year Fixed | FHA 30 Year Fixed | 15 Year Fixed |
| Purchase Price | $183,900 | $183,900 | $183,900 |
| Down Payment | $36,780 | $6,437 | $45,975 |
| Monthly Mortgage Amount | $894 | $1,112 | $1,136 |
| Taxes | $256 | $256 | $256 |
| Insurance | $100 | $100 | $100 |
| HOA/Dues/Fees | $0 | $0 | $0 |
| Monthly Mortage Insurance | $0 | $81 | $0 |
| Monthly Estimated Total | $1,250 | $1,549 | $1,492 |
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
Kim Wilkins
REALTOR®
Office: (563) 441-5177
Cell: (563) 370-1393
Licensed in IA & IL
Davenport Office
4545 Welcome Way
Davenport, IA 52806
(563) 441-5100
Davenport, IA 52806
(563) 441-5100
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