10 N Johnson Street
MLS ID #154296
Asking: $795,000
Type: 5 Or More Units
Address: 10 N Johnson Street
City: Andrew
State: IA
ZIP: 52030
Area: Dubuque Area
Class: Multi-family
County: Jackson
General Information
# Units: 12
Garage Capacity: N/A
Garage Type: None
Year Built: 1978
Est Sq Ft Main Lvl: 2,814
Est Sq Ft Upper Lvl: N/A
Est Sq Ft Lower Lvl: 2,814
Total Finished Sq Ft: 5,628
Parcel ID: 681122419003000
Lot Size: .83
Yr Rents: $111720.00
Yr Gross: $113220.00
Yr Other: $1500.00
Expenses Insurance: $9172.3
Expenses Management: $5269.98
Expenses Taxes: $5700.00
Expenses Maintenance: $7549.98
Expenses Vacant: $7820.40
Expenses Utilities: $12461.69
Expenses Other: $N/A
Est. Total Expenses: $40153.95
Est. Net Income: $65245.65
Unit 1 Rooms: 4
Unit 1 Bedrooms: 2
Unit 1 Baths: 1
Unit 1 Rent: $850.00
Unit 2 Rooms: 4
Unit 2 Bedrooms: 2
Unit 2 Baths: 1
Unit 2 Rent: $800.00
Unit 3 Rooms: 3
Unit 3 Bedrooms: 1
Unit 3 Baths: 1
Unit 3 Rent: $775.00
Unit 4 Rooms: 3
Unit 4 Bedrooms: 1
Unit 4 Baths: 1
Unit 4 Rent: $775.00
Unit 5 Bedrooms: 1
Unit 5 Baths: 1
Unit 5 Rent: $775.00
Unit 6 Bedrooms: 1
Unit 6 Baths: 1
Unit 6 Rent: $750.00
Unit 7 Bedrooms: 2
Unit 7 Baths: 1
Unit 7 Rent: $760.00
Features
Style: 1 Story
Siding: Brick, Vinyl
Roof: Asp/Composite Shingle
Foundation: Block
Basement: Full
Owner Pays: Water, Trash
Tenant Pays: Electric
Appliances: Refrigerator, Range, Dishwasher, Microwave, Washer, Dryer
Cooling: Other
Fuel Type: Electric
Heat Type: Radiant
Parking: Off Street
Terms: Cash
Description
This fully updated 12-plex, consisting of two buildings located within a convenient 25-minute drive of Dubuque, offers a strong investment opportunity. The property features a desirable unit mix of four 2-bedroom units and eight 1-bedroom units. All units have been updated within the past four years, providing modern finishes that attract and retain tenants. An on-site coin-operated laundry facility adds additional income potential and convenience for residents. With consistently strong demand and quick lease-up times, this property typically maintains a low vacancy rate, making it a reliable addition to any investment portfolio.