716 N Dubuque St

Property Description

Rare investment opportunity - 21 room boarding house currently leased to a fraternity, leased through the grand chapter. Tenant is responsible for all maintenance, except for boiler and roof. Boiler was replaced December 2024. Owner is responsible for up to $1,100 in utility expense, unless fully occupied - Currently at full occupancy. There are 6 years left on the 10-year Lease Agreement. Tenants must decide by year-7 if they want to renew for another 5 years at an increased rent rate of $16,500. Considerable notice to show and pre-approval / proof of funds required for showings. Updates completed in 2016: Brava 50-year roof tile installed, new windows, new sprinkler system, new doors and trim.

Overview

Property Status

For Sale

MLS ID

202500734

Property Type

Multi-Family

Year Built

1925

Are you interested?

Schedule a Tour

Tyler Riddle

(319) 855-8332 [email protected]

Features & Amenities

Utilites

City Sewer, City Water

Parking

Off Street

Heat Type

Steam

Elementary School

Mann

Middle School

Southeast

High School

City

Sales Price

$2,300,000

Real Estate Tax

$18,880/yr

Zoning

RM-44

I'm Interested In

716 N Dubuque St

CallTyler Riddle

License #B64539000

(319) 855-8332

716 N Dubuque St

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Updates completed in 2016: Brava 50-year roof tile installed, new windows, new sprinkler system, new doors and trim.

Tyler Riddle

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