Indian Ridge Apartments



Location: Davenport, Iowa

Description: Nice 352 unit project in Quad Cities area. One of the largest projects in the Quad Cities. Close to all tenant conveniences and occupancy close to 94%. Amenities included individual furnaces, garages, swimming pool and close to tenant conveniences. Built 1977.

Asking Price: $8,800,000 (10.58% Cap) on actual rental income.

Selling Price: $8,565,000 (10.25% Cap)

Sold: September 1996

Contact:
Darin Ray Garman, CCIM
Iowa Realty Commercial
100 1st Ave. NE Suite 115
Cedar Rapids, Iowa 52401
Phone 319.363.2337 Fax 319.365.9833
E-mail: Darin_Garman@msn.com
Web: commercial-investments.com

All information is from sources that we deem reliable and is submitted subject to errors, omissions, prior sale, lease withdrawal without notice, or change in price and conditions. While we do not doubt its accuracy, no representation thereof is made.

For further information contact:
Darin Garman, CCIM Specialist Apartments
100 1st Ave. NE Suite 115
Cedar Rapids, Iowa 52401
Phone 319.363.2337 Fax 319.365.9833
E-mail: Darin_Garman@msn.com
Web: commercial-investments.com

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Copyright ŠJM Best, 1998