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$225,000
Est. payment /mo
2,166 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type DUPLEX
Listing Status Contingency
Purchase Type For Sale
Square Footage 2,166 sqft
Price per Sqft $103
MLS Listing ID 154127
Style 2 Story
Year Built 1911
Property Sub-Type DUPLEX
Property Description
Investment Opportunity Near the University - 1903 & 1905 Grace St, Dubuque, IA Don't miss this fantastic duplex opportunity at 1903 and 1905 Grace Street in Dubuque, conveniently located just steps from University of Dubuque. These two properties are being sold together as one package, offering a great opportunity for investors or owner-occupants. $245,000 is total asking price which equates to only $122,500 per unit. Each unit features 3 bedrooms ( 2 nicely sized and 1 very small ) and 1 bathroom, providing spacious layouts that are highly desirable for renters in this area. Both units are currently rented, offering immediate income, with rents currently below market value - providing strong upside potential for future increases. This property is also a great option for an owner-occupied duplex - live in one unit while renting the other to help offset your mortgage. Property improvements include a newer roof, newer windows, and low-maintenance vinyl siding, helping reduce future maintenance costs. One unit has been nicely updated, while the other offers an opportunity for cosmetic updates and value-add improvements. Additional features include separate utilities for each unit and a 2-car detached garage, with one garage space for each unit. Located in a high-demand rental area near the university, this property offers excellent long-term investment potential.
Location
State IA
Area Dubuque Area
Interior
Heating Forced Air
Cooling Central Air
Exterior
Parking Features Detached – 2
Garage Spaces 2.0
Roof Type Asp/Composite Shingle
Building
Foundation Rock
Schools
Elementary Schools Irving
Middle Schools Washington Jr High
High Schools Dubuque Senior
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Listed by Remax Advantage
Nearby Locations
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