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$95,000   Price Analysis
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1321 Farnam St
Davenport, IA 52803
Unknown bed 2 bath 1,482 SqFt ($64/SqFt)
2,745SqFt lot. Built 1925
Listed 2024-03-07, Taxes $2,322
USDA Eligible
near Davenport, IA
 

Get ready to double up on your investment game with this fantastic duplex!

The main floor tenant has been here over 10 years, while the upstairs tenant is on a few year streak. Each unit is a one-bedroom, one-bath. No more laundromat blues we've got shared laundry facilities right on-site in the basement, making life easy for everyone.

This duplex isn't a flash in the pan; it's been a reliable moneymaker with long-term tenants, proving it's a ral gem for your investment plans. Whether you're a seasoned pro or dipping your toes into the property pool, this place is your ticket to a steady stream of income. Selling it AS IS. Don't miss out on this golden opportunity!


Presented by Shelly Ortega at
RE/MAX Concepts Bettendorf.
Listing Agent Photo

Property MLS #QC4250681 from RMLSAlliance

Laundry Features: Common Area, Owned Equipment

Basement Features: Full

Full Bathrooms: 2

Heating Features: Forced Air, Gas, Gas Water Heater, Window Unit(s)

Lot Description: Level
Lot Size Acres: 0.0630165
Lot Size Dimensions: 45.00x61.00
Lot Size Square Feet: 2745

Road Surface Type: Curbs & Gutters

Parking Features: On Street

Elementary School: Madison
High School: Davenport Central

Madison Elementary School is a public elementary school located approximately 0.5 miles away.
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Central High School is a public high school located approximately 0.5 miles away.
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Frank L Smart Intermediate School is a public middle school located approximately 2.2 miles away.
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Sacred Heart Cathedral School is a private elementary and middle school located approximately 0.2 miles away.
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Gross Income: 19560
Gross Scheduled Income: 19560
Lease Term: Variable
Tenant Pays: No Utilities

Number of Units: 2
Bedrooms in Unit-1: 1
Bedrooms in Unit-2: 1
Full Bathrooms in Unit-1: 1
Full Bathrooms in Unit-2: 1
Unit 1 Total Actual Rent: 850
Unit 2 Total Actual Rent: 780

Maintenance Expense: 390

Annual Tax Amount: 1626
Source Listing Status: Active
County: Scott
Directions: Locust south on Farnam
Tax Year: 2022
Source Property Type: Residential Income
Insurance Expense: 1800
Source Neighborhood: LeClaire
Number of Separate Electric Meters: 2
Number of Separate Gas Meters: 1
Number of Separate Water Meters: 1
Parcel Number: F0019-31
Subdivision: LeClaire
Trash Expense: 540
Property Subtype: Residential Income
Source System Name: C2C

YearAssessments
Building + Land
Total
Tax
2022$70,880 + $5,220
$76,100
$2,322
2021$67,500 + $5,220
$72,720
$1,540
2020$64,130 + $5,220
$69,350
$1,384
2019$58,460 + $5,220
$63,680
$1,304
2018$52,900 + $5,220
$58,120
$1,276
2017$52,900 + $5,220
$58,120
$1,258
2016$50,110 + $5,220
$55,330
$1,236
2015$51,220 + $5,220
$56,440
$968
2014$38,390 + $5,220
$43,610
$952
2012$41,450 + $5,320
$46,770
$984
2011$41,450 + $5,320
$46,770
$914
2008$41,960 + $5,320
$47,280
$718

Price Changed 2024-04-15
$95,000
RMLSAlliance
Listed 2024-03-07
$100,000
RMLSAlliance
Sold 2021-01-29
$74,000
Public Record
Listing removed 2019-10-05
$0
RMLSAlliance
Listing removed 2019-06-25
$0
QUADCITYREALTOR
Listed 2019-06-17
$103,900
RMLSAlliance
Listing removed 2019-05-01
$0
QUADCITYREALTOR
Listed 2019-04-30
$103,900
QUADCITYREALTOR
Listed 2019-04-04
$103,900
QUADCITYREALTOR

Net Operating Income: 11544
Operating Expense: 6390

Year Built: 1925
Building Area Total: 1482
Construction Materials: Vinyl Siding
Property Age: 99
Roof: Composition
Structure Type: Two or More Story, Conversion
Year Built Source: Public Records

Electric Expense: 1620
Water Sewer Expense: 1080
Water Source: Public Sewer, Public
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The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.