1903 / 1905 Grace Street
MLS ID #154127
Asking: $235,000
Type: Duplex
Address: 1903 / 1905 Grace Street
City: Dubuque
State: IA
ZIP: 52001
Area: Dubuque Area
Class: Multi-family
County: Dubuque
General Information
# Units: 2
Garage Capacity: 2
Garage Type: Detached
Year Built: 1911
Est Sq Ft Main Lvl: 1,136
Est Sq Ft Upper Lvl: 1,030
Est Sq Ft Lower Lvl: N/A
Total Finished Sq Ft: 2,166
Parcel ID: 1026210007 and 1026210006
Lot Size: 7314 sf
Yr Rents: $17880
Yr Gross: $17880
Yr Other: $N/A
Expenses Insurance: $3288
Expenses Management: $1788
Expenses Taxes: $2860
Expenses Maintenance: $N/A
Expenses Vacant: $N/A
Expenses Utilities: $N/A
Expenses Other: $N/A
Est. Total Expenses: $7936
Est. Net Income: $9944
Unit 1 Rooms: 5
Unit 1 Bedrooms: 3
Unit 1 Baths: 1
Unit 1 Rent: $745
Unit 2 Rooms: 5
Unit 2 Bedrooms: 3
Unit 2 Baths: 1
Unit 2 Rent: $745
Unit 3 Rooms: N/A
Unit 3 Bedrooms: N/A
Unit 3 Baths: N/A
Unit 3 Rent: $N/A
Unit 4 Rooms: N/A
Unit 4 Bedrooms: N/A
Unit 4 Baths: N/A
Unit 4 Rent: $N/A
Unit 5 Bedrooms: N/A
Unit 5 Baths: N/A
Unit 5 Rent: $N/A
Unit 6 Bedrooms: N/A
Unit 6 Baths: N/A
Unit 6 Rent: $N/A
Unit 7 Bedrooms: N/A
Unit 7 Baths: N/A
Unit 7 Rent: $N/A
Features
Style: 2 Story
Siding: Vinyl
Roof: Asp/Composite Shingle
Foundation: Rock
Basement: Full
Owner Pays: None
Tenant Pays: Gas, Water, Electric, Trash
Appliances: Refrigerator, Range
Cooling: Central Air
Fuel Type: Gas
Heat Type: Forced Air
Parking: Off Street, On Street
Terms: Cash
Description
Investment Opportunity Near the University - 1903 & 1905 Grace St, Dubuque, IA Don't miss this fantastic duplex opportunity at 1903 and 1905 Grace Street in Dubuque, conveniently located just steps from University of Dubuque. These two properties are being sold together as one package, offering a great opportunity for investors or owner-occupants. $245,000 is total asking price which equates to only $122,500 per unit. Each unit features 3 bedrooms ( 2 nicely sized and 1 very small ) and 1 bathroom, providing spacious layouts that are highly desirable for renters in this area. Both units are currently rented, offering immediate income, with rents currently below market value - providing strong upside potential for future increases. This property is also a great option for an owner-occupied duplex - live in one unit while renting the other to help offset your mortgage. Property improvements include a newer roof, newer windows, and low-maintenance vinyl siding, helping reduce future maintenance costs. One unit has been nicely updated, while the other offers an opportunity for cosmetic updates and value-add improvements. Additional features include separate utilities for each unit and a 2-car detached garage, with one garage space for each unit. Located in a high-demand rental area near the university, this property offers excellent long-term investment potential.
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