Dubuque, IA 52001-0000

Attention investors! This 5-unit apartment building presents a unique opportunity to generate significant rental income with some final touches. Located in a desirable area, this property offers great potential for the right buyer to maximize its value. Property Details: Unit 1: 3 bedrooms, 1 bathroom Rent: $950 per month Tenants pay all utilities Landlord covers taxes and insurance Long-term tenant in place, ensuring immediate income Units 2-5: All units have been demoed and are ready for renovation Opportunity to customize and finish these units according to your vision Building Features: Potential: Transform vacant units into modern, appealing rentals, significantly increasing your rental income. Location: Situated in a convenient, sought-after neighborhood with access to schools, shopping, public transportation, and more. Structure: Solid building with a strong foundation, offering a great canvas for your renovation plans. Investment Highlights: Income Potential: With Unit 1 already rented and providing steady income, you can focus on upgrading the remaining units to boost overall rental revenue. Customization: Finish Units 2-5 as you see fit, tailoring them to attract quality tenants and maximize returns. Long-Term Growth: As the area continues to develop, property values are expected to rise, making this an ideal long-term investment. Donâ??t miss out on this exceptional opportunity to invest in a property with enormous upside potential. Whether youâ??re an experienced investor or looking to expand your portfolio, this apartment building is a smart choice. Seller prefers to sell this property along with 1499 & 1571 Bluff.

Unit Details

• Unit 1
  6 Rooms • 3 Beds • 1.0 Baths
  Rent Amount: $0.00
  RENTED
• Unit 2
  5 Rooms • 2 Beds • 1.0 Baths
  Rent Amount: $0.00
  AVAILABLE
• Unit 3
  5 Rooms • 2 Beds • 1.0 Baths
  Rent Amount: $0.00
  AVAILABLE
• Unit 4
  5 Rooms • 2 Beds • 1.0 Baths
  Rent Amount: $0.00
  AVAILABLE
• Unit 5
  5 Rooms • 2 Beds • 1.0 Baths
  Rent Amount: $0.00
  AVAILABLE

Other Info

• Parcel #: 1024329040
• Zoning: M
• Listing Date: 5/17/24
• Price Date: 8/27/24
• MLS Number: 149445

Features

• Appliances: Refrigerator
• Appliances: Range
• Basement: Full
• Cooling: None
• Foundation: Other
• Fuel Type: Electric
• Heat Type: Other
• Owner Pays: None
• Parking: On Street
• Possession: Agreed
• Roof: Flat
• Siding: Brick
• Style Primary: 2 Story
• Style: 2 Story
• Tenant Pays: Water
• Tenant Pays: Electric
• Tenant Pays: Heat
• Tenant Pays: Trash
• Terms: Cash
• Terms: Financing
• Type: 5 Or More Units