Agency:
Agent:
Location: within of
My Current Location OR  


Property Style:
1 Story
2 Story
Other
Ranch
Garage:
Attached - 1
Attached - 2
Attached - 3+
Built-in/Under - 1
Built-in/Under - 2
Built-in/Under - 3+
Capped No Driveway - 1
Capped No Driveway - 2
Capped No Driveway - 3+
Carport - 1
Carport - 2
Carport - 3+
Detached - 1
Detached - 2
Detached - 3+
Drive Under - 1
Drive Under - 2
Drive Under - 3+
Drive Under Capped - 1
Drive Under Capped - 2
Drive Under Capped - 3+
Other
Tandem - 1
Tandem - 2
Tandem - 3+
Underground - 1
Underground - 2
Underground - 3


Posted Date:
MLS Number:

1551 Bluff Street

$ 230,000

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.

  • Grade School: Lincoln
  • Middle School: Washington Jr High
  • High School: Dubuque Senior
  • Year Purchased: 1880
  • Bedrooms: 11
  • Bathrooms: 5
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
Contact Agent
289 Sinsinawa Ave East Dubuque IL 61025
Mike Vaupel
Cell: 605-281-0261
mike@mikevre.com

$$$