Courtesy: Haven. Real Estate
563-343-9533
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.
Bettendorf is located in Iowa. Bettendorf, Iowa has a population of 38,631. Bettendorf is more family-centric than the surrounding county with 38.56% of the households containing married families with children. The county average for households married with children is 30.36%.
The median household income in Bettendorf, Iowa is $89,375. The median household income for the surrounding county is $67,675 compared to the national median of $69,021. The median age of people living in Bettendorf is 38.9 years.
The average high temperature in July is 85.2 degrees, with an average low temperature in January of 15 degrees. The average rainfall is approximately 37 inches per year, with 28 inches of snow per year.
