Listed by Dubuque-Ruhl&Ruhl, Realtors
$749,000
1043 & 1053 Main Street
Details
APN 1024459010
Property Type Mixed Use, Retail
Sub Type Storefront, Apartment Building
Cap Rate 8.54%
NOI $63,988
Occupancy 100%
Year Built 1900
Stories 3
Acreage 5825.000
Zoning C
Ground Lease No
Mixed Use | 8.54% CAP
Marketing description
Seize this exceptional opportunity to acquire a cash-flowing asset in thriving downtown Dubuque! The properties at 1043 and 1053 Main St. are being sold as two combined parcels, offering four distinct income streams. Complete replacement of all essential systems, including brand new mechanicals, electrical, and plumbing are throughout both buildings. Both ground-floor retail spaces are secured with established, long-term tenants. Both two-bedroom apartments are currently rented. The two-bedroom apartments have been fully remodeled with modern touches and amenities. Each apartment unit includes a private deck and dedicated garage space. Additional off-street parking is also available for retail and residents.
Listing Contacts
Listed by Dubuque-Ruhl&Ruhl, Realtors
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$63,988.00
$5,332.33/mo
Valuation Metrics
0
DSCR
8.54%
Cap Rate
8.54%
ROI
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