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Key Details
Sold Price $365,000
Property Type Multi-Family
Sub Type 5 OR MORE UNITS
Listing Status Sold
Purchase Type For Sale
Square Footage 6,480 sqft
Price per Sqft $56
MLS Listing ID 147611
Sold Date 09/07/23
Style Other
Year Built 1898
Property Sub-Type 5 OR MORE UNITS
Property Description
This stoic, red-brick 3-story building features an extra lot, 3 balconies and 6 garages. NOI is $32,544 and CAP rate is 8.67%. This property includes a vacant lot on the downhill side of the building. It has been lead base paint abated. Updates: 2022 replaced all galvanized water lines; 2021 insulated basement entryways; 2020 new electrical service to building, new breaker boxes, and new meters; 2018 new water heaters and sidewalks; 2016-2020 new heating in units 1,2,&4; 2017 new garage roof with 50-year shingles; 2015 replaced 1/2 of roof; 2012 new 3-story deck. This property is being sold either individually or as part of a discounted bundle of 5 apartments with a sum total SAVINGS of $125,000!
Location
State IA
Area Dubuque Area
Interior
Heating Forced Air
Cooling None
Exterior
Parking Features Detached – 3+
Garage Spaces 6.0
Roof Type Rubber
Building
Foundation Rock
Schools
Elementary Schools Audubon
Middle Schools Jefferson Jr High
High Schools S. Hempstead
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Bought with Ruhl & Ruhl Realtors