331-307-7194
1401 Wingate Dr, Dubuque, IA for Sale
Apartments - FOR SALE
1/7
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1401 Wingate Dr
Dubuque, IA 52002


OVERVIEW

Diamond Senior Apartments is a well-maintained, 61-unit senior LIHTC community in a desirable residential area of Dubuque, Iowa. All units are restricted at 60% AMI with a mix of one- and two-bedroom floorplans, and the property maintains near-full occupancy with minimal turnover. The asset offers a robust amenity package including a library, business center, banquet and TV/billiards room, fitness center, wellness suite, dedicated tenant storage, and a large outdoor patio with grills and gazebo. Underground parking provides a space for every tenant. Units feature in-unit washer/dryers, dishwashers, microwaves, electric ranges, refrigerators, individual furnaces for heat/AC, and full sprinkler coverage. Life safety is strong with hard-wired alarms to FD. The property also has a geothermal system. This is a rare opportunity to acquire a stabilized, purpose-built senior LIHTC community in a strong submarket with institutional-quality amenities and infrastructure.

FOR SALE DETAILS

PRICE

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# OF UNITS

61

CAP RATE

Request Cap Rate

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Diamond Senior Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

2010

PARKING SPACES

-

LAND DETAILS

LAND ACRES

3.11 AC

LAND SF

135,602 SF

ZONING

-

APN/PARCEL ID

10-28-207-008

ASK ABOUT THIS PROPERTY

Monica DanekPerformance Real Estate AdvisorsMore Info
331-307-7194

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Monica DanekPerformance Real Estate AdvisorsMore Info
331-307-7194

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.