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Lux off Archer 4000 Archer Dr 76 Unit Apartment Building For Sale East Moline, IL 61244
Investment Highlights
- 100% Renovated, Turnkey Asset – Zero Short-Term Capital Needs & Minimal Deferred Maintenance
- Fully Renovated Interiors w/ Top-of-Market Finishes Throughout
- Efficient All 2BR/3BR Unit Mix – 79% Two-Bedroom & 21% Three-Bedroom Units
- New Roofs (2020) & 100% New HVAC Systems
- Differentiated Townhome Product in a Predominantly Garden-Style Competitive Set
- Limited New Supply – Zero Units Under Construction Across the Rock Island/Moline Submarket
Executive Summary
100% Renovated, Turnkey Asset – Zero Short-Term Capital Needs & Minimal Deferred Maintenance
New Roofs (2020) & 100% New HVAC Systems
Fully Renovated Interiors w/ Top-of-Market Finishes Throughout
Differentiated Townhome Product in a Predominantly Garden-Style Competitive Set
Efficient All 2BR/3BR Unit Mix – 79% Two-Bedroom & 21% Three-Bedroom Units
Limited New Supply – Zero Units Under Construction Across the Rock Island/Moline Submarket
Close-Proximity to Major Employers – John Deere, Rock Island Arsenal, UnityPoint Health & MercyOne Genesis
New Roofs (2020) & 100% New HVAC Systems
Fully Renovated Interiors w/ Top-of-Market Finishes Throughout
Differentiated Townhome Product in a Predominantly Garden-Style Competitive Set
Efficient All 2BR/3BR Unit Mix – 79% Two-Bedroom & 21% Three-Bedroom Units
Limited New Supply – Zero Units Under Construction Across the Rock Island/Moline Submarket
Close-Proximity to Major Employers – John Deere, Rock Island Arsenal, UnityPoint Health & MercyOne Genesis
Property Facts
| Sale Type | Investment | Lot Size | 4.47 AC |
| No. Units | 76 | Building Size | 78,600 SF |
| Property Type | Multifamily | Average Occupancy | 89% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Garden | Year Built/Renovated | 1980/2024 |
| Building Class | C | Parking Ratio | 1.21/1,000 SF |
| Zoning | EM | ||
| Sale Type | Investment |
| No. Units | 76 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 4.47 AC |
| Building Size | 78,600 SF |
| Average Occupancy | 89% |
| No. Stories | 2 |
| Year Built/Renovated | 1980/2024 |
| Parking Ratio | 1.21/1,000 SF |
| Zoning | EM |
Amenities
Unit Amenities
- Dishwasher
- Microwave
- Heating
- Kitchen
- Granite Countertops
- Refrigerator
- Range
- Tub/Shower
Site Amenities
- 24 Hour Access
- Controlled Access
- Laundry Facilities
- Walk-Up
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 60 | $1,698 CAD | 827 - 864 |
| 3+1.5 | 16 | $2,130 CAD | 1,002 |
Fairly walkable
40/100
Exceptionally drivable
90/100
Limited public transit
30/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 18-06-300-002 | Improvements Assessment | $1,387,398 CAD |
| Land Assessment | $176,031 CAD | Total Assessment | $1,563,429 CAD |
Property Taxes
Parcel Number
18-06-300-002
Land Assessment
$176,031 CAD
Improvements Assessment
$1,387,398 CAD
Total Assessment
$1,563,429 CAD
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Lux off Archer | 4000 Archer Dr
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