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$ 265,000
Est. payment /mo
New
703 Caledonia PL Dubuque, IA 52001
3,788 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type DUPLEX
Listing Status Active
Purchase Type For Sale
Square Footage 3,788 sqft
Price per Sqft $69
MLS Listing ID 155154
Style 2 Story
Year Built 1911
Property Sub-Type DUPLEX
Property Description
Attention investors and house-hackers! This large, well-maintained two-story duplex is a turnkey property, boasting a stellar cap rate over 9% and easily hitting the 1% rule. With one unit currently vacant and primed for immediate market-rate optimization or an owner-occupant, the real potential is the fully finished, bonus 3rd unit in the attic (1 bed, 1 bath). While not currently zoned by the city as a traditional triplex, this bonus space presents an incredible opportunity to maximize your returns as a high-yielding Airbnb/short-term rental or to serve as the ultimate owner's quarters. Don't miss this rare chance to acquire timeless historic charm; the perfect choice to launch your very first investment or add a powerhouse asset to your growing real estate portfolio.
Location
State IA
Area Dubuque Area
Interior
Heating Forced Air
Cooling Central Air
Exterior
Parking Features Other
Roof Type Asp/Composite Shingle
Building
Foundation Rock
Schools
Elementary Schools Lincoln
Middle Schools Washington Jr High
High Schools Dubuque Senior
Listed by Ruhl & Ruhl Realtors