2440 Shaker Court Bettendorf, IA 52722

If you're looking for a fantastic investment, look no further! Right in the heart of Bettendorf, this turnkey 10-unit apartment building has been completely renovated. Each apartment comes with 2 bedrooms, 1 bathroom, & 2 parking spaces. It's been updated with all modern fixtures, including new furn...aces & central air units. There's a laundry room with coin-operated machines, & each unit has a storage cage in the basement. Plus, there are separate gas & electric meters for each unit. Current market rate for rent is $995 plus utilities. The location is super convenient too, close to schools & right near I-74, so getting around is a breeze. Projected income for the property stands at $133,490 with rent, laundry, pet fees, & utility recovery offering strong cash flow. There's also an opportunity for value add, with raw space that can be converted into an additional 1-bed apartment for an estimated $70k, potentially generating $775-800 in monthly rent. With full occupancy anticipated in weeks, this property is read to deliver solid returns! Seller is a REALTOR® Licensed in IA, IL & FL. Continue reading