513 9th St – 33 Unit Portfolio, Sioux City, IA 51101 | Listings

513 9th St - 33 Unit Portfolio, Sioux City, IA 51101

  • $975,000
  • 18,320 sq ft
  • Commercial
  • Listing #816181

Property Description

Are you looking for great cash flow and CAP rate? Estimated CAP currently is 8.76% and fully rented estimated rate is 25.02%. This portfolio includes two 6-plexes, 513 9th St (Behind Office Building and has garages in alley) and 513 1/2 9th (Red Brick Building next to office), one 5-plex at519 9th (Office Building), one duplex at 913 1/2 (Behind Office Building) and a 14-Plex that is currently red tagged. The 14-Unit has numerous things updated including a sprinkler system, walls and most electric work is done, including electric work for wall heaters. With an owner estimate of $275,000 in repairs for the 14 units to come up-to-date, the CAP is still an estimated rate of 18.07% PLUS, the purchase includes a lot that can be used as parking. Parcel ID: 894728176006. Parcel ID for all other units is: 894728176011 The properties have many updates, such as paint, flooring, concrete work, security fences, cameras (Audio and Video) and some updated electricity. All units are window air and have boiler systems for heat.

Listing Details

Property TypeCommercial
Listing #816181
Listing TypeFor Sale

Interior Features

Square Feet18,320
Heating and CoolingOther-See Comments, Window

Exterior Features

ExteriorBrick, Wood Lap
Lot Size0.69 acres


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 6:59 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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