Contact us: 563.441.1776
Description
Excellent investment opportunity in the growing community of Maquoketa! 503, 505, 507, and 509 Rosemere Avenue are being offered together, featuring four 4-plex buildings for a total of 16 units across two separate parcels. Each unit offers 2 bedrooms and 1 bathroom, making this a strong addition to any investor's portfolio with consistent rental demand and easy-to-manage layouts. Numerous capital improvements have already been completed, including all windows being updated within the past 10 years, all water heaters replaced, and 2 of the 4 buildings receiving new roofs. Tenants pay their own electric and baseboard heat, while the owner currently pays water and the electric for the common areas. Conveniently located approximately 30 miles from Dubuque, 40 miles from Davenport, and around 70 miles from the Iowa City area, this property provides access to multiple major employment and economic hubs while benefiting from the affordability and stability of a smaller market. A rare opportunity to acquire 16 multifamily units in one package with strong long-term investment potential.
Property Highlights
Property Type: Multi Unit - Multiple
General Information
County: Jackson
High School: Maquoketa Community
Listed By:
Equity Real Estate Group LLC
Marcus Anderson
563-542-3519
ECIMLS
MLS ID: 154698
Units
Unit: 1
Bedrooms: 2
Baths: 1
Rent: 750.00
Unit: 2
Bedrooms: 2
Baths: 1
Rent: 750.00
Unit: 3
Bedrooms: 2
Baths: 1
Rent: 650.00
Unit: 4
Bedrooms: 2
Baths: 1
Rent: 700.00
Unit: 5
Bedrooms: 2
Baths: 1
Rent: 750.00
Unit: 6
Bedrooms: 2
Baths: 1
Rent: 700.00
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503 & 507 Rosemere Lane, Maquoketa, IA 52060.
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| Loan Type | FHA 30 Year Fixed | VA 30 year fixed | 30 yr Jumbo |
| Purchase Price | $1,199,999 | $1,199,999 | $1,199,999 |
| Down Payment | $42,000 | $0 | $240,000 |
| Monthly Mortgage Amount | $7,351 | $7,647 | $5,989 |
| Taxes | $1670 | $1670 | $1670 |
| Insurance | $100 | $100 | $100 |
| HOA/Dues/Fees | $0 | $0 | $0 |
| Monthly Mortage Insurance | $720 | $0 | $0 |
| Monthly Estimated Total | $10,091 | $9,667 | $8,009 |
About this area
Maquoketa is a “one of a kind” town and its residents have a drive to improve its future.
Nestled halfway between the Quad Cities and Dubuque, Maquoketa has many attractions and recreational activities. The town is the county seat of Jackson County. Nicknamed the “Timber City,” it was settled by J. E. Goodenow and Lyman Bate in January 1838. Today, Maquoketa’s population is over 6,000 and its historic district still features many great examples of Victorian architecture.
Discover properties in Maquoketa, Iowa and learn about current market trends. Also, find out more information about what it is like to live in Maquoketa, Iowa and research its history. Continue browsing this page to find all listings in Maquoketa and if you want to find a specific type of property, browse the links below:
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