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1005 Locust Street

Dubuque, Iowa 52001

This beautiful building is near IBM and other downtown businesses. Residents really like the convenience, safety and security this location offers. It is also very versatile because of it's location. Office space has been rented recently to the Heart Association, a graphics company, a construction company, and an audio-video business. When IBM came to Dubuque these offices were converted to apartments also. Converting any units back to office space can be done easily. Monthly rent roll is currently $5,370. Monthly utilities are only $684. Taxes and insurance come to $632 per month. So that leaves a great monthly net income. Cap rate 12.72. Additional financial informational on request. Call today--319-423-9352

Property Info

Sqft (Living) 5638 sq ft.
Sqft (Lot) 4451 sq ft.
Year Built 1898
Deal Type Retail
Property Type Multi-Family
ARV $335,000
Estimated Rent $5370
Building Block Construction

Location