3150 Lake Ridge Dr - Multi-Family FOR SALE


Dubuque, IA 52003
$4,500,000 USD
563-542-3519
3150 Lake Ridge Dr, Dubuque, IA for Sale
$4,500,000 USD
Multi-Family - FOR SALE
1/33
null | Request Cap Rate

3150 Lake Ridge Dr
Dubuque, IA 52003


HIGHLIGHTS

  • New construction with opportunity to add a 3rd building for a total of 42 units
  • Dubuque, IA continues to see strong rental demand for this class of rental with relatively low inventory
  • Value add opportunity with the completion of the 3rd building

OVERVIEW

New multi-family opportunity in Dubuque, Iowa with the ability to add value with an additional building. Plans are approved and the construction docs and finish specs could be conveyed to the new owner. With professional management in place, Building 1 is fully leased, Building 2 is just completed with strong pre-leasing activity. The complex offers great quality stock to a market that continues to show strong demand and leasing activity.

FOR SALE DETAILS

PRICE

$4,500,000 USD

PRICE/SF

$253 USD /SF

# OF UNITS

28

PRICE/UNIT

$160,714

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

2024

PARKING SPACES

-

LAND DETAILS

LAND ACRES

2.25 AC

LAND SF

98,010 SF

ZONING

-

APN/PARCEL ID

1034132024

ASK ABOUT THIS PROPERTY

Steve DavisEquity Real Estate GroupMore Info
563-542-3519

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Steve DavisEquity Real Estate GroupMore Info
563-542-3519

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