Breckenridge Apartments_Property for Sale
Breckenridge Apartments_Property for Sale
4323 North Division Street, Davenport, IA, 52806, US

Breckenridge Apartments

Asset Description

Jones Lang LaSalle Americas, Inc. (“JLL”), a licensed real estate broker is delighted to introduce Breckenridge Apartments, a 119-unit apartment community located in Davenport, IA. Consisting of 119 units, this well-maintained complex offers a variety of one to three-bedroom apartments, catering to the diverse needs of residents.


Located in the bustling North Side neighborhood of Davenport, Breckenridge offers unparalleled convenience with its proximity to North Park Mall, diverse dining options, excellent public schools, and nearby parks for outdoor recreation. Breckenridge Apartments benefits from its strategic positioning near colleges and universities, attracting students seeking comfortable living arrangements, resulting in consistent rental demand and the potential for strong income, supported by its wellmanaged and secure environment with dedicated on-site maintenance staff.


Breckenridge Apartments offers investors an exceptional opportunity to acquire a workforce housing asset in one of Davenports highly sought after neighborhood. This unbeatable opportunity is available on a free and clear basis.


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Attributes

Year built
1972
Land area gross
1.01 ha
Number of units
119
Occupancy
97%

Media

Investment Highlights

  • Prime location in the vibrant North Side neighborhood of Davenport, IA
  • 119 well-maintained units offering 1 to 3 bedrooms
  • Potential for strong rental income with 10% Rent-to-Income Ratio
  • Close proximity to North Park Mall, renowned for its diverse retail options
  • Abundance of dining establishments in the neighborhood
  • Excellent public schools nearby, appealing to families
  • Numerous parks for outdoor recreation and relaxation
  • Attracts students from nearby colleges and universities, ensuring consistent rental demand
  • Well-managed and secure environment
  • Thriving rental market in Davenport, IA



Iowa Brokerage:

Michael Minard

Senior Vice President, Brokerage

Michael.Minard@jll.com


Joseph Bergman

Senior Associate, Brokerage

Joseph.Bergman@jll.com


Breckenridge Apartments 4_Property for Sale
Breckenridge Apartments 4_Property for Sale

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Last updated
15 Oct 2024