1229 & 1233 Rhomberg Avenue

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1229 & 1233 Rhomberg Avenue

Dubuque, IA 52001-1851
Asking Price
$325K
Asset Type
Apartment Building Multifamily
Class
Class B

AI Property Summary

Structured overview optimized for LLM context (ChatGPT, Perplexity, Claude).

  • Four-unit multifamily apartment building located in Dubuque, Iowa.
  • The property is currently listed for sale at $324,500.
  • Located at 1229 & 1233 Rhomberg Avenue in the 52001 ZIP code.
  • Investment property positioned within an established regional housing market.
  • Asset offers four distinct residential units for potential income generation.

What's Special

Priced at $324,500, this multifamily apartment building located at 1229 & 1233 Rhomberg Avenue in Dubuque, Iowa, presents a four-unit residential investment. Situated in the northeast sector of the city, the property benefits from its proximity to the Mississippi River corridor and the industrial history that shapes this established neighborhood. Dubuque maintains a diverse economy driven by education, healthcare, and manufacturing, supporting steady demand for rental housing across the region. The asset structure consists of four units, making it suitable for investors seeking to build or expand a portfolio in a consistent Midwestern market. Local connectivity is facilitated by access to major regional thoroughfares, providing residents with efficient transit to downtown employment centers and public amenities. This property functions as a straightforward residential holding with potential for long-term income stabilization in an area defined by stable population growth and industrial utility.

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NOI
$80,000
Cap Rate
24.65%
DSCR
4.15
Strong
Cash-on-Cash
62.39%
Monthly Payment
$1,605.449
Annual Cash Flow
$60,734.613

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