Woodland Grove Apartments 1103 25th Street

CBRE is pleased to offer the opportunity to acquire Woodland Grove Apartments, a 48-unit apartment community in Rock Island, Illinois. Rock Island is part of the Quad Cities MSA of over 400,000 people. Rock Island is home to Rock Island Arsenal, a large military installation and the city’s largest employer with 6,300 employees just two miles north of the property. Augustana College is also located in Rock Island with enrollment of approximately 2,500 students, less than one mile from the property.

Address: 1103 25th St, Rock Island, Illinois 61201

List Price: $2,900,000

Cap Rate: 8.25%

Year Built: 1966

Number of Units: 48

Unit Mix: 8-Studio; 24-1BR/1BA; 8-2BR/1BA; 8-2BR/2BA

Gross Building Area: 42,000

Parcel Size: 1.99 acres