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821 Nebraska St - 13 Units, Sioux City,
Iowa 51101

MLS # 815893

$695,000

  • N/A
  • N/A
  • 12126
  • Active

General Description

This property has great opportunity with cash flow and CAP rate. Estimated cap rate currently is 7.6% and fully rented estimated rate is 18.01%. Included on one parcel is one 6-plex (821-31 Nebraska), one 4-plex (516-522 9th St) and one 3-plex (514 9th St). There are 10 - 3 bedroom apartments and 3 - 2 bedroom apartments. Many apartments have been recently updated with paint, electrical, misc. interior work and exterior work on the property. This includes privacy fences and security cameras. (Video and Audio). All three roofs were updated in the last 5 years. The owner pays water and heat (Boiler system) on the 6 unit property and 4 - unit property (Both Brick Units). The 3 plex has forced heat and owner ONLY pays water. There are currently 6 vacant apartments, with 5 ready to rent. There are currently 2 units approved for section 8.

Legal:SIOUX CITY EAST N 1/2 LOT 11 & LOT 1 2 BLK 44
Status: Active

Property Information

815893

$695,000

821 Nebraska St - 13 Units

Midtown

Sioux City

Woodbury

IA

Sale

Commercial

2

Yes

12126

0

90

1910

0

0

51101

5578

Listed By

Keller Williams Siouxland

Aaron Tyler

PROPERTY LOCATION

MORTGAGE CALCULATOR


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RE/MAX Preferred - Licensed In Iowa, South Dakota, and Nebraska. Each Office Independently Owned and Operated.

RE/MAX Preferred

Licensed In Iowa, South Dakota, and Nebraska. Each Office Independently Owned and Operated.

712.224.4100

info@preferredsiouxland.com

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