1229 & 1233 Rhomberg Avenue

MLS ID #154544

Asking: $324,500

Type: Four Plex

Address: 1229 & 1233 Rhomberg Avenue

City: Dubuque

State: IA

ZIP: 52001-1851

Area: Dubuque Area

Class: Multi-family

County: Dubuque

General Information

# Units: 4

Garage Capacity: N/A

Garage Type: None

Year Built: 1904

Est Sq Ft Main Lvl: 2,576

Est Sq Ft Upper Lvl: 2,576

Est Sq Ft Lower Lvl: N/A

Total Finished Sq Ft: 5,152

Parcel ID: 1118310010,1118310011

Lot Size: 25x137 & 25x137

Yr Rents: $39,000

Yr Gross: $39,000

Yr Other: $N/A

Expenses Insurance: $5000

Expenses Management: $N/A

Expenses Taxes: $3334

Expenses Maintenance: $1000

Expenses Vacant: $N/A

Expenses Utilities: $2400

Expenses Other: $N/A

Est. Total Expenses: $9334

Est. Net Income: $27,266

Unit 1 Rooms: 4- comm.

Unit 1 Bedrooms: N/A

Unit 1 Baths: 1

Unit 1 Rent: $950

Unit 2 Rooms: 6

Unit 2 Bedrooms: 3

Unit 2 Baths: 1

Unit 2 Rent: $1000

Unit 3 Rooms: 4

Unit 3 Bedrooms: 2

Unit 3 Baths: 1

Unit 3 Rent: $700

Unit 4 Rooms: 2

Unit 4 Bedrooms: 4

Unit 4 Baths: 1

Unit 4 Rent: $600

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: Brick

Roof: Asp/Composite Shingle, Rubber

Foundation: Rock

Basement: Full

Owner Pays: Water

Tenant Pays: Gas, Electric, Heat

Appliances: Refrigerator, Range

Cooling: Central Air, Wall Unit

Fuel Type: Gas, Electric

Heat Type: Forced Air, Hot Water, Other

Parking: Off Street

Terms: Cash, Financing

Description

Turnkey 4-plex investment opportunity featuring three very spacious residential units and one long-term commercial daycare tenant. This exceptionally maintained solid all-brick building offers solid cash flow and numerous upgrades, including tinted plate glass front windows in the commercial unit. Plus newer boilers and forced air and much more. Features include separate utilities (electric/gas), 3 porches, fenced yard, and 5-car off-street parking. Fully rented and ready for day one cash flow! Excellent investment!!

Click the photos to enlarge.