821 Nebraska St – 13 Units, Sioux City, IA 51101 | Listings

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

  • $649,000
  • 12,126 sq ft
  • Commercial
  • Listing #815893

Property Description

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.

Listing Details

Price$649,000
Property TypeCommercial
Listing #815893
StatusActive
CountyWoodbury
Listing TypeFor Sale

Interior Features

Square Feet12,126
Heating and CoolingForced Air, Radiant, Window

Exterior Features

ExteriorBrick
Lot Size0.26 acres
SprinklerNo

Miscellaneous

MLS AreaMidtown

Courtesy of Aaron Tyler, Keller Williams Siouxland

Northwest Iowa MLSCopyright 2022, Northwest Iowa MLS. All rights reserved. The data relating to real estate for sale on this website is deemed reliable but not guaranteed. This is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
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.
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