This property has great opportunity with cash flow and CAP rate. Estimated cap rate currently is 10.01 % and fully rented estimated rate is 16.02 %. 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.
Heating and Cooling
Forced Air, Radiant, Window
Courtesy of Aaron Tyler, Keller Williams Siouxland
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This content last updated on 6/27/2022 7:36 AM. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.
Rural vs. Urban
Market occupancy and urban/rural information from Home Junction Inc.