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$3,648,000
Est. payment /mo
32,809 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type 5 OR MORE UNITS
Listing Status Active
Purchase Type For Sale
Square Footage 32,809 sqft
Price per Sqft $111
MLS Listing ID 153344
Style Other
Year Built 1896
Property Sub-Type 5 OR MORE UNITS
Property Description
Check out these GORGEOUS investment properties now available to add to your portfolio! Complete with 2 Large 3 Story Buildings totaling 28 Units plus a large parking lot with 40 plus spaces! These buildings have been completely renovated and remodeled all the way through, including all new water lines, new sewer lines, new electrical, new HVAC, new framing, new insulation, new windows, new plumbing, new roof, all new luxury cosmetics including, trim, doors, cabinets, appliances, light fixtures, plus a full sprinkler system and alarm system for both buildings! The apartments have a mix of 3 bedroom (3 units), 2 bedroom (16 Units), and 1 bedroom (7 units) plus two efficiency apartments to accommodate any size of tenants. All units are equipped with their own private laundry. Rent amounts vary from 600 to 1640 per month depending on size of unit. Currently 27 units are occupied with only 1 vacancy. Rents total approximately $30,500 per month when fully occupied. This property has a consistent rental history with a great cash flow for a potential investor. Buildings are completely code compliant per the city of Dubuque. Rental Inspections have all recently passed for 18 unit building. Rental Inspection for 10 unit building passed in 2021. Full rent rolls and financials available in associated docs. Old School Building Finished Sq Ft = 23,249. Old Convent Building Finished Sq Ft = 9,560. Tenants pay all utilities in all units. Owner Pays for Trash for buildings and electric for common areas. Sale Includes both 2887 Central and 2901 Central Avenue as well as the attached parking lot!
Location
State IA
Area Dubuque Area
Interior
Heating Forced Air
Cooling Central Air
Exterior
Parking Features Other
Roof Type Asp/Composite Shingle
Building
Foundation Rock
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Listed by Remax Advantage
Nearby Locations
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