1199 Central Avenue

Dubuque, IA 52001

This if one of the nicest, most up to date multi-family properties in the Tri-state area. This 11 unit building was totally renovated. It features the most maintenance free, sound proof apartments available. Tenants pay all utilities. Low taxes until 2041 because of a tax abatement. Apartments feature private laundry, high ceilings, exposed brick walls, solid surface counter tops, on-demand gas water heaters and many more amenities. Owner is willing to continue management and/or finish the build out of the last 3 apartments in the basement as part of the agreement which would increase the rent roll to $25,000+ per month. Floor plans attached and also show the 3 garden apartments- Two- 1 bedroom/1 bath & one Studio apartment- projected rents by seller are $1,600, $1,600, $1,100. No fire escape needed-stair wells are fire rated to 3rd floor. Insurance is reasonable since new wiring, plumbing, roof etc, very thick brick walls-according to owner if an apartment were to catch fire it would take 5-6 hrs to spread to another one, also has sprinkler system. Full rent roll available on Assoc. Docs. The 3 apartments on 3rd floor have lofts which can add 3 more bedrooms for a total of 29 bedrooms. Ideal for rental with new medical school downtown. This property was a K-12 school & has been totally rehabbed. Each apartment has a key-fob keyless entry via touchpad, fiber internet, 13-15' ceilings & 9-10' tall windows with lots of natural light. Please see Assoc. Docs for more details. Tenants or landlord can obtain parking pass on 1st come, 1st serve basis quarterly thru City of Dub.$55 per quarter & can park 11th-12th and Main to Central free at meters. 101 & 103 are furnished. 202 & 204 have an office.