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625 Rhomberg Avenue Dubuque, IA 52001 Multi Unit - Multiple SOLD

Auction •
Sold

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Description

This stoic, red-brick 3-story building features an extra lot, 3 balconies and 6 garages. NOI is $32,544 and CAP rate is 8.67%. This property includes a vacant lot on the downhill side of the building. It has been lead base paint abated. Updates: 2022 replaced all galvanized water lines; 2021 insulated basement entryways; 2020 new electrical service to building, new breaker boxes, and new meters; 2018 new water heaters and sidewalks; 2016-2020 new heating in units 1,2,&4; 2017 new garage roof with 50-year shingles; 2015 replaced 1/2 of roof; 2012 new 3-story deck. This property is being sold either individually or as part of a discounted bundle of 5 apartments with a sum total SAVINGS of $125,000!

Property Highlights

Property Type: Multi Unit - Multiple
Basement: Full
Basement: Yes
Cooling: None
Days on Market: 48
Fuel Type: Gas
Garage: 6
Heating: Forced Air
Home Style: 2 Story
Lot Size: 0
Roof Type: Rubber
Year Built: 1898

General Information

County: Dubuque
High School: S. Hempstead
MLS ID:

Units

Unit: 1
Bedrooms: 2
Baths: 1
Rent: $475
Unit: 2
Bedrooms: 2
Baths: 1
Rent: $495
Unit: 3
Bedrooms: 2
Baths: 1
Rent: $700
Unit: 4
Bedrooms: 2
Baths: 1
Rent: $700
Unit: 5
Bedrooms: 2
Baths: 1
Rent: $700
Unit: 6
Bedrooms: 2
Baths: 1
Rent: $650

Property Features

Appliances: Refrigerator, Range
Exterior: Brick
Foundation: Rock
Garage Type: Detached
Lot Dimensions: .32acres
Parcel #: 1013487012
SQ FT Lower: 0
SQ FT Main: 2160
SQ FT Upper: 4320
Tenant Pays: Electric, Gas, Heat, Trash, Water
Terms: Cash, Exchange, Financing
Zoning: R3
Sold for 365000
Est. [rp estimate]/mo
6cars
Featured Listing
BEDS0 BATHS MLS#147611
STATUSSOLD PROPERTY TYPEMulti Unit - Multiple

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About this area

Iowa/Dubuque
Dubuque

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About Dubuque

Dubuque, IA—known as Where Iowa Started—is a quickly growing hub brimming with history around every corner and embraces its small-town roots. The residents here radiate warmth and friendliness as the city still continues to expand its city center. Like much of Iowa and Illinois, Dubuque is known for its historic buildings and cultural centers. It has a plethora of well-preserved buildings and homes, a revitalized main street, and because of its location near the Mississippi, its abundant land and resources were popular among immigrants and travelers (especially Irish and Germans), making Dubuque not only rich in history but largely diverse!

While a ton of progress has been made in the very recent past, Dubuque is on track to continue in the tradition of the first immigrants who settled among its bluffs. Recent recognition includes being named one of the 100 Best Communities for Young People, the Most Livable Small City, an Iowa Great Place and not to mention, was named a five-time All-America City!

Home & Community Information

From the bluffs overlooking the Mississippi River and historic homes to renovated downtown condos and new construction homes, the Dubuque area has many different housing options.

Summertime is the best time of year to visit Dubuque, since winter gets very cold. The weather is comfortable for most of the year and is yet another reason why the population is still growing. Not only is it a great place to raise a family, but all three districts—Historic Upper Main, Historic Millwork District, and the Historic Old Main—offer residents just about any option for where they’d like to live with an average commute time of just 15 minutes!

Things to Do in Dubuque

Just because Dubuque is Iowa’s oldest city doesn’t mean it’s lacking in things to do! Did you know Field of Dreams was filmed here? Yep! AND you can visit the site. Ride up the world’s shortest, steepest scenic railway for a tristate view, and make sure to check out the Mines of Spain State Recreation Area. Once you set off on one of the many hiking trails following Catfish Creek through the breathtaking limestone cliffs and bluffs, you’ll know why so many settlers called this place home.

As you continue to explore the city of Dubuque, give the kids a chance to visit the National Farm Toy Museum or the National Mississippi River Museum and Aquarium for a fully immersive experience of what Dubuque is all about.

The Hotel Julien Dubuque is a must if you’re looking for somewhere to rest your head for the night. An ornate lobby opens visitors up to 180 years of history—wood-paneled columns and golden elevators included. Other historic stays include the Black Horse Inn as well as the Richards House Bed & Breakfast Inn. If you’re looking to find something that suits a longer stay, Lorelei Cabins, Drake House, and the Cabin at Finley’s Landing are all great for vacation rentals.

Eating and drinking your way through the city is the best way to experience this perfect little paradise! Enjoy soups, sandwiches, brisket, and some of the best brown ale this side of the Mississippi at 7 Hills Brewing Company. If comfort food is your game, Copper Kettles’ house smoked pork ribs have made this place a local favorite, and L.May Eatery also takes comfort food to the next level with gourmet farm-fresh ingredients—fan favorites include the stuffed chicken and pork shanks.

With the rich culture tied to the waterway, it’s no surprise that locals and visitors alike see riverboats making their way up and down the Mississippi daily! It’s honestly fun just counting. Schedule a boat ride and explore the fourth largest river in the U.S. Waiting patiently for your boat? Kill time at the Star Brewery Historic Landmark or make your way to the Diamond Jo Casino.

Explore the city of Dubuque even further by making your way to Crystal Lake Cave—untouched and two million years old—or hit one of the many bike paths along the river to connect with nature.

If you are ready to start your real estate buying or selling journey, browse the newest homes for sale in Dubuque, IA. You can also contact us—we are here to help!

Nearest Ruhl & Ruhl Office: Dubuque
600 Star Brewery Drive
Suite 300
Dubuque, IA 52001
(563) 441-1776

Dubuque, IA Real Estate & Homes for Sale

Dubuque, IA Real Estate & Homes for Sale

Dubuque, IA Real Estate & Homes for Sale

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