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
# 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
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
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!!