Value-Add Downtown Multifamily | 1199 Central Ave
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Value-Add Downtown Multifamily 1199 Central Ave 14 Lots d’appartement Immeuble residentiel Vente aux enchères en ligne Dubuque, IA 52001
INFORMATIONS PRINCIPALES SUR L'INVESTISSEMENT
- Value-add multifamily asset in Dubuque, Iowa, ideal for savvy investors looking to expand their portfolio with a strategic, high-potential property.
- This asset offers new ownership the opportunity to lease remaining vacancies at market rates driving increased income potential.
- Conveniently located near major regional employers, including John Deere, Mercy Medical Center, and the Dubuque Community School District.
- Prime location near the Iowa–Illinois border with fast access to US 151 and US 20 for quick, convenient commutes around town.
- At the heart of it all in the walkable Millwork District along the Mississippi, near dining, nightlife, entertainment, and shopping.
RÉSUMÉ ANALYTIQUE
Positioned for success, this multifamily asset delivers strong returns, solid growth, and long-term value.
Located at 1199 Central Avenue, the property is a gracious 14-unit building spanning 14,136 square feet across four stories. Originally constructed in 1858, it has undergone extensive renovations to modernize the space while preserving its historic charm. The units feature exposed brick, recessed lighting, high-end kitchens and appliances, and in-unit laundry facilities. The property includes one studio, two one-bedroom, six two-bedroom, and four three-bedroom units, as well as one four-bedroom unit, offering a diverse mix to attract a broad tenant base. Presently, the property is not fully occupied, enticing investors to invest. Buyers can lease out vacant suites at market rates to yield a higher net operating income. The property is also situated in a C-4 District, which benefits from an excellent location within the downtown commercial area. The C-4 District is designed to support a wide variety of uses, encouraging the maintenance of existing businesses alongside private reinvestment and new development.
Downtown Dubuque draws residents with its walkability, scenic views, and historic charm. The Millwork District, in particular, stands out as an ideal neighborhood for renters, thanks to its beautifully preserved brick buildings and vibrant atmosphere. Once an industrial hub, the district has undergone a remarkable transformation into a thriving mixed-use community. Boasting a prime location with easy access to major transportation routes and the Mississippi River, the area is rich with local art, cultural venues, breweries, coffee shops, nightlife, and more.
Dubuque offers a strong opportunity for multifamily investment. As of the second quarter of 2025, no new multifamily units are under construction, making existing inventory highly valuable. The market contains approximately 2,700 multifamily units. Market rents are more affordable, with the average ringing in at $920 per month, compared with the national average of $1,770. Year-over-year rent growth in Dubuque is 3%, outpacing the national increase of 1%. Dubuque’s annual rent growth of 3% exceeds its five-year average of 2.6% and its 10-year average of 2.1%, underscoring the market’s steady upward momentum.
Property tours are available by appointment only. Please contact the listing broker to schedule.
Located at 1199 Central Avenue, the property is a gracious 14-unit building spanning 14,136 square feet across four stories. Originally constructed in 1858, it has undergone extensive renovations to modernize the space while preserving its historic charm. The units feature exposed brick, recessed lighting, high-end kitchens and appliances, and in-unit laundry facilities. The property includes one studio, two one-bedroom, six two-bedroom, and four three-bedroom units, as well as one four-bedroom unit, offering a diverse mix to attract a broad tenant base. Presently, the property is not fully occupied, enticing investors to invest. Buyers can lease out vacant suites at market rates to yield a higher net operating income. The property is also situated in a C-4 District, which benefits from an excellent location within the downtown commercial area. The C-4 District is designed to support a wide variety of uses, encouraging the maintenance of existing businesses alongside private reinvestment and new development.
Downtown Dubuque draws residents with its walkability, scenic views, and historic charm. The Millwork District, in particular, stands out as an ideal neighborhood for renters, thanks to its beautifully preserved brick buildings and vibrant atmosphere. Once an industrial hub, the district has undergone a remarkable transformation into a thriving mixed-use community. Boasting a prime location with easy access to major transportation routes and the Mississippi River, the area is rich with local art, cultural venues, breweries, coffee shops, nightlife, and more.
Dubuque offers a strong opportunity for multifamily investment. As of the second quarter of 2025, no new multifamily units are under construction, making existing inventory highly valuable. The market contains approximately 2,700 multifamily units. Market rents are more affordable, with the average ringing in at $920 per month, compared with the national average of $1,770. Year-over-year rent growth in Dubuque is 3%, outpacing the national increase of 1%. Dubuque’s annual rent growth of 3% exceeds its five-year average of 2.6% and its 10-year average of 2.1%, underscoring the market’s steady upward momentum.
Property tours are available by appointment only. Please contact the listing broker to schedule.
DATA ROOM Cliquez ici pour accéder à
- Operating and Financials
- Purchase Agreement
- Title and Insurance
INFORMATIONS SUR L’IMMEUBLE
| Type de vente | Investissement | Classe d’immeuble | C |
| Condition de vente | Vente aux enchères | Surface du lot | 0,08 ha |
| Type de propriété | Pleine propriété | Surface de l’immeuble | 1 313 m² |
| Nb de lots | 14 | Occupation moyenne | 80% |
| Type de bien | Immeuble residentiel | Nb d’étages | 4 |
| Sous-type de bien | Appartement | Année de construction | 1858 |
| Style d’appartement | De hauteur moyenne | Zone de développement économique [USA] |
Oui
|
| Zonage | C-4 - Commercial du centre-ville | ||
| Type de vente | Investissement |
| Condition de vente | Vente aux enchères |
| Type de propriété | Pleine propriété |
| Nb de lots | 14 |
| Type de bien | Immeuble residentiel |
| Sous-type de bien | Appartement |
| Style d’appartement | De hauteur moyenne |
| Classe d’immeuble | C |
| Surface du lot | 0,08 ha |
| Surface de l’immeuble | 1 313 m² |
| Occupation moyenne | 80% |
| Nb d’étages | 4 |
| Année de construction | 1858 |
| Zone de développement économique [USA] |
Oui |
| Zonage | C-4 - Commercial du centre-ville |
CARACTÉRISTIQUES
- Aération – Ventilation
- Détecteur de fumée
CARACTÉRISTIQUES DU LOT
- Climatisation
- Lave-vaisselle
- Broyeur d’ordures
- Micro-ondes
- Machine à laver/sèche-linge
- Chauffage
- Baie vitrée
- Ventilateurs de plafond
- Cuisine
- Plafond voûté
- Accès internet à haut débit
- Machine à glace
- Réfrigérateur
- Four
- Électroménager en acier inoxydable
- Baignoire/Douche
- Vues
- Fenêtres à double vitrage
- Congélateur
- Eau chaude instantanée
- Cuisine avec îlot
- Sans tabac
- Sol en vinyle
CARACTÉRISTIQUES DU SITE
- Accès 24 h/24
- Cour
- Property Manager sur place
- Activités sociales planifiées
- Entretien sur site
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Walk Score®
Idéal pour les promeneurs (92)
TAXES FONCIÈRES
| Numéro de parcelle | 10-24-456-008 | Évaluation des aménagements | 13 376 € |
| Évaluation du terrain | 27 540 € | Évaluation totale | 40 916 € |
TAXES FONCIÈRES
Numéro de parcelle
10-24-456-008
Évaluation du terrain
27 540 €
Évaluation des aménagements
13 376 €
Évaluation totale
40 916 €
CONSEILLER EN VENTE
CONSEILLER EN VENTE
Vicki Bechen
(563) 590-2287
Contact
As a former owner of a successful Real Estate agency, Vicki Bechen needs a strong eye for detail. Well versed in the multi-family area, Vicki is an excellent guide to finding the property to show the best return on your investment. A strong background in residential sales, Vicki covers the market from up scale executive homes to Buyers who are just starting out. Attentive and considerate to her client's needs, Vicki will give your Real Estate transaction her best effort.
On a more personal note, if you looked in the dictionary for a definition of the word "busy" you would find a picture of Vicki. Active and involved in numerous community activities, Vicki devotes countless hours to offering a helping hand with the local theater group, wearing her red Dubuque Chamber Ambassador jacket, attending her Rotary Club meetings, or meeting with other various organizations. Vicki has always given her time freely, served for years on the Zoning Board of Adjustment and of course has chaired, many Dubuque Board of Realtors committees over the years. No matter how busy, she is always available to lend a hand to her family and friends. If you need her- she is there for you.
On a more personal note, if you looked in the dictionary for a definition of the word "busy" you would find a picture of Vicki. Active and involved in numerous community activities, Vicki devotes countless hours to offering a helping hand with the local theater group, wearing her red Dubuque Chamber Ambassador jacket, attending her Rotary Club meetings, or meeting with other various organizations. Vicki has always given her time freely, served for years on the Zoning Board of Adjustment and of course has chaired, many Dubuque Board of Realtors committees over the years. No matter how busy, she is always available to lend a hand to her family and friends. If you need her- she is there for you.
À PROPOS DE LA PLATEFORME D’ENCHÈRES
Ten-X Commercial est la première plateforme de transaction numérique complète pour l’immobilier d’entreprise. Avec plus de 26 milliards de dollars de ventes, la plateforme Ten-X permet aux brokers, aux vendeurs et aux acquéreurs de disposer d’une technologie basée sur les données et d’outils marketing complets pour augmenter la visibilité sur le marché et réduire le temps pour conclure une transaction. Ten-X obtient régulièrement des taux de négociation deux fois supérieurs à la moyenne du secteur. Ten-X accélère l’ensemble du processus des transactions en immobilier d’entreprise en permettant aux brokers et aux vendeurs d’exploiter sa plateforme numérique qui facilite l’intégration des biens, l’évaluation de la réussite des campagnes de marketing omnicanal gratuites et le suivi des meilleurs leads. Les acquéreurs sont orientés vers des biens qui correspondent précisément à leurs objectifs d’investissement, avec un accès inégalé à des analyses de marché et aux documents de Due Diligence pour les aider à acquérir des biens en ligne en toute sécurité et en toute confiance.
Lire plus
CONTACT POUR LES ENCHÈRES
Pace Zambito
Contact
Licence du commissaire-priseur :
Ten-X, LLC Arlene M Richardson RE Brkr F06258000
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VIDÉOS
VISITE 3D
PHOTOS
STREET VIEW
RUE
CARTE
Barême de frais de transaction
Basée sur le pourcentage du montant de l’enchère gagnante.
Montant de l’enchère gagnante
Frais de transaction
$0m to < $1m
5.00% ($20,000 min)
$1m to < $3m
3.00%
$3m to < $5m
2.50%
$5m to < $10m
2.25%
$10m to < $15m
2.00%
$15m to < $25m
1.75%
$25m to < $35m
1.50%
$35M to < $45M
1.00%
$45M to < $55M
0.75%
$55M and Up
0.50%
Exemple de calcul
Montant de l’enchère gagnante
$4,000,000
Frais de transaction
$100,000 (2.5%)
Prix d’achat total
$4,100,000
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Présenté par
Brissey Realty
Value-Add Downtown Multifamily | 1199 Central Ave
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Présenté par
Value-Add Downtown Multifamily | 1199 Central Ave
Vous êtes déjà membre ? Connectez-vous
Hum, une erreur s’est produite lors de l’envoi de votre message. Veuillez réessayer.
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