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Sold for $220,000 on 01/13/25
  • $220,000

    1551 Bluff St, Dubuque, IA 52001

    11beds
    5baths
    4,866sqft
    5 OR MORE UNITS
    Built in 1880
    -- sqft lot
    $225,400 Zestimate®
    $45/sqft
    $1,214 Estimated rent

    What's special

    Attention investors! This 5-unit apartment building presents a unique opportunity to generate significant rental income with some final touches. Located in a desirable area, this property offers great potential for the right buyer to maximize its value. Property Details: Unit 1: 3 bedrooms, 1 bathroom Rent: $950 per month Tenants pay all utilities Landlord covers taxes and insurance Long-term tenant in place, ensuring immediate income Units 2-5: All units have been demoed and are ready for renovation Opportunity to customize and finish these units according to your vision Building Features: Potential: Transform vacant units into modern, appealing rentals, significantly increasing your rental income. Location: Situated in a convenient, sought-after neighborhood with access to schools, shopping, public transportation, and more. Structure: Solid building with a strong foundation, offering a great canvas for your renovation plans. Investment Highlights: Income Potential: With Unit 1 already rented and providing steady income, you can focus on upgrading the remaining units to boost overall rental revenue. Customization: Finish Units 2-5 as you see fit, tailoring them to attract quality tenants and maximize returns. Long-Term Growth: As the area continues to develop, property values are expected to rise, making this an ideal long-term investment. Don’t miss out on this exceptional opportunity to invest in a property with enormous upside potential. Whether you’re an experienced investor or looking to expand your portfolio, this apartment building is a smart choice. Seller prefers to sell this property along with 1499 & 1571 Bluff.

    Zillow last checked: 7 hours ago

    Listing updated: January 13, 2025 at 02:13pm

    Listed by:

    Mike Vaupel 605-281-0261,

    EXIT Realty Fireside

    Bought with:

    Outside MLS

    UNKNOWN OFFICE

    Source: East Central Iowa AOR,MLS#: 149445MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 11
    • Bathrooms: 5
    Heating
    • Other
    Cooling
    • None
    Appliances
    • Included: Range, Refrigerator
    Features
    • Basement: Full
    Interior area
    • Total structure area: 4,866
    • Total interior livable area: 4,866 sqft
    • Finished area above ground: 3,244

    Property

    Parking
    • Parking features: On Street
    • Has uncovered spaces: Yes
    Features
    • Levels: Two
    • Stories: 2
    Details
    • Parcel number: 1024329040
    • Zoning: M

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: 5 OR MORE UNITS
    Materials
    • Brick
    • Foundation: Other
    • Roof: Flat
    Condition
    • Year built: 1880

    Community & neighborhood

    Location
    • Region: Dubuque

    HOA & financial

    Other financial information
    • Total actual rent: 4350

    Other

    Other facts
    • Listing terms: Cash,Financing
    Services availability
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