2535 Central Ave
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2535 Central Ave
19 Unit Apartment Building $1,150,000 ($60,526/Unit) 9.22% Cap Rate Dubuque, IA 52001
Executive Summary
Ready to expand your investment portfolio? Look no further than 2535 Central Avenue in Dubuque, IA! This 19 unit property, formerly a grade school, boasts of an attractive architectural 1920s exterior and now offers charming apartments. This apartment building has its own parking lot and the grassy lot to the south of the property is prime for further development. The driveway at the edge of this part of the land also belongs to the property. Take the plunge into this asset that nets over $100,000 per year!
Property Facts
| Price | $1,150,000 | Building Class | C |
| Price Per Unit | $60,526 | Lot Size | 0.53 AC |
| Sale Type | Investment | Building Size | 17,136 SF |
| Cap Rate | 9.22% | Average Occupancy | 95% |
| Sale Conditions | 1031 Exchange | No. Stories | 3 |
| No. Units | 19 | Year Built | 1920 |
| Property Type | Multifamily | Parking Ratio | 0.58/1,000 SF |
| Property Subtype | Apartment |
| Price | $1,150,000 |
| Price Per Unit | $60,526 |
| Sale Type | Investment |
| Cap Rate | 9.22% |
| Sale Conditions | 1031 Exchange |
| No. Units | 19 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | C |
| Lot Size | 0.53 AC |
| Building Size | 17,136 SF |
| Average Occupancy | 95% |
| No. Stories | 3 |
| Year Built | 1920 |
| Parking Ratio | 0.58/1,000 SF |
Unit Amenities
- Kitchen
- Refrigerator
- Range
Site Amenities
- Laundry Facilities
- Vintage Building
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PROPERTY TAXES
| Parcel Number | 10-13-377-034 | Improvements Assessment | $354,900 |
| Land Assessment | $82,400 | Total Assessment | $437,300 |
PROPERTY TAXES
Parcel Number
10-13-377-034
Land Assessment
$82,400
Improvements Assessment
$354,900
Total Assessment
$437,300
zoning
| Zoning Code | R3+ (Residential Zoning) |
| R3+ (Residential Zoning) |
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2535 Central Ave
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