Great investment property in the heart of downtown Sioux City. Perfect for any real estate investor who wants a less hands on investment as there is a manager living on site. Building consists of 2 floors. On the first floor there is a commercial rental space currently occupied by an insurance agent. The second floor has 5 apartments: 4 studios and 1 one-bedroom apartment. The entire building is 7,500 sf (3,750 sf per floor) with the back 1,500 sf on both floors unfinished leaving the option to renovate. The apartments have recently been remodeled and are in great condition. There is a 2-car garage on property and laundry in the basement. Great, reliable tenants that generate over $4,200/month, giving this property an attractive ROI of 9%. Financials available upon request.
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PRICE RECENTLY REDUCED. 108-unit multi-family apartment complex located in highly desirable Morningside area of Sioux City, IA. Close to shopping, bus line, golf course, schools, and college. Historically near 100% occupancy, this complex offers strong cash flow, great demand, and opportunity.