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$640,000
Est. payment /mo
8,189 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type 5 OR MORE UNITS
Listing Status Contingency
Purchase Type For Sale
Square Footage 8,189 sqft
Price per Sqft $78
MLS Listing ID 155386
Style Other
Year Built 1900
Property Sub-Type 5 OR MORE UNITS
Property Description
Own a piece of downtown Dubuque history with this renovated mixed-use investment property offering a strong combination of residential and commercial income. The property features 8 apartment units and 3 street-level storefronts, providing excellent diversification and multiple income streams. The residential units include four 2-bedroom apartments and four 1-bedroom apartments, appealing to a broad tenant base. Additional revenue is generated through a billboard lease, off-street parking, and coin-operated laundry. The property currently generates over $70,000 in annual gross income, with significant upside potential through bringing apartment rents closer to current market rates and leasing additional storefront space. Units feature forced air heat with central air conditioning. A compelling opportunity for investors looking to add a downtown Dubuque asset with established income, historic character, and room to increase cash flow. Conveniently located on a corner and near downtown amenities, businesses, restaurants, entertainment, and other attractions.
Location
State IA
Area Dubuque Area
Interior
Heating Forced Air
Cooling Central Air
Exterior
Roof Type Rubber
Building
Foundation Rock
Schools
Elementary Schools Audubon
Middle Schools Jefferson Jr High
High Schools S. Hempstead
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Listed by Equity Real Estate Group LLC
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