3130 Lake Ridge Dr Unit 3150 Lake Ridge Driv Dubuque, IA 52003
Estimated payment $23,973/month
About This Home
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.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $1,100
Year Built
- Built in 2024
Parking
- Off-Street Parking
Home Design
- Poured Concrete
- Composition Shingle Roof
- Vinyl Siding
Kitchen
- Range
- Microwave
- Dishwasher
Laundry
- Dryer
- Washer
Utilities
- Forced Air Heating and Cooling System
- Gas Available
Listing and Financial Details
- The owner pays for trash
- Assessor Parcel Number 1034132024
Community Details
Overview
- 28 Units
- Handicap Modified Features In Community
Building Details
- Insurance Expense $20,000
- Manager Expense $6
- Utility Expense $3,600
- Net Operating Income $329,680
Security
- Building Fire Alarm
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2024 | $1,100 | $78,800 | $78,800 | $0 |
| 2023 | $1,100 | $78,800 | $78,800 | $0 |
| 2022 | $1,302 | $78,750 | $78,750 | $0 |
| 2021 | $1,302 | $78,750 | $78,750 | $0 |
| 2020 | $1,400 | $78,750 | $78,750 | $0 |
| 2019 | $1,464 | $78,750 | $78,750 | $0 |
| 2018 | $1,442 | $78,750 | $78,750 | $0 |
| 2017 | $1,520 | $78,750 | $78,750 | $0 |
| 2016 | $1,490 | $78,750 | $78,750 | $0 |
| 2015 | $1,490 | $78,750 | $78,750 | $0 |
| 2014 | $1,450 | $78,750 | $78,750 | $0 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 05/04/2025 05/04/25 | Pending | -- | -- | -- |
| 04/28/2025 04/28/25 | For Sale | $4,500,000 | -- | $351 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $435,000 | None Listed On Document |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $1,805,819 | Credit Line Revolving |
Source: East Central Iowa Association of REALTORS®
MLS Number: 151897
APN: 10-34-132-024
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