2535 Central Ave - Apartments FOR SALE


Dubuque, IA 52001
$1,100,000 USD
563-580-8935
2535 Central Ave, Dubuque, IA for Sale
$1,100,000 USD
Apartments - FOR SALE
1/38
null | 9.75% Cap Rate

2535 Central Ave
Dubuque, IA 52001


OVERVIEW

Ready to expand your investment portfolio? Look no further than 2535 Central Avenue in Dubuque, IA! This 19 unit property, formerly a grade school, boasts of an attractive architectural 1920s exterior and now offers charming apartments. This apartment building has its own parking lot and the grassy lot to the south of the property is prime for further development. The driveway at the edge of this part of the land also belongs to the property. Take the plunge into this asset that nets over $107,000 per year!

FOR SALE DETAILS

PRICE

$1,100,000 USD

PRICE/SF

$64 USD /SF

# OF UNITS

19

PRICE/UNIT

$57,895

CAP RATE

9.75%

% LEASED

95%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1920

PARKING SPACES

18

LAND DETAILS

LAND ACRES

0.53 AC

LAND SF

23,089 SF

ZONING

R3+

APN/PARCEL ID

10-13-377-034

ASK ABOUT THIS PROPERTY

Susan SwiftRuhl & Ruhl RealtorsMore Info
563-580-8935

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Susan SwiftRuhl & Ruhl RealtorsMore Info
563-580-8935

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.