Central 12 Lofts 1199 Central Ave

One of a kind opportunity to own a beautifully renovated, award-winning apartment building in downtown Dubuque with ultra low taxes for 15 years! Each tenant pays all utilities separately (electric, gas, water, parking, internet are all separated).
The current 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, bringing the the rent roll to $25,000+ per month! The first 11 apartments are already leased and occupied!
Originally built as a K-12 school by the same architect who built Dubuque's City Hall (just North of the property) around the same period, this property has incredible bones! 20+ inches of masonry at the main perimeter of the building and 13 inches of masonry between all of the apartments make it one of the most soundproof apartment buildings available - which the tenants love!
This building was renovated by someone who wanted to keep the building forever and create the most maintenance-free apartments in the city. Nearly everything inside has been completely updated and overbuilt - from a new roof all the way down to two brand new sewer and 4" water lines.
Each apartment on boasts some incredible features!
Key fob/keyless entry via touchpad at building/front door
Fiber internet with gigabit speed
13-15' foot ceilings and 9-10' tall windows with tons of natural light on floors 1-3
Solid core interior doors
Ceiling fans with remote
Waterproof flooring
Exposed brick accent walls
Unmatched lighting (dimmer switches compatible with Google and Alexa, etc)
Solid surface countertops
Porcelain tile showers with overhead waterfall/wand feature
Lighted RGB bathroom mirrors
Separate ventilation ducts for each bathroom and stove and gas dryer
Central air conditioning with gas furnace with a smart thermostat
20 amp power circuits run with mc cable throughout
On-demand gas hot water heater
Washing machine and gas dryer
Brand new stainless steel kitchen appliances
-Refrigerator with in-door water dispenser/ice maker
-Over the range microwave
-Gas Oven / Stove
-Dishwasher
Buy this building and enjoy a 2400 square foot apartment with a true loft on the top floor with with amazing views or choose one of the other magnificent apartments for yourself. What is not to love? Make this incredible building part of your portfolio today!