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.
Great investment opportunity. Property is .42 acres with three buildings located on the premises. The north building is two buildings connected into one. The northwest building is a two story building, approximately 1,400 square feet per floor. The first floor is commercial leasable space and the upper floor is separated into two approximately 700 sq ft apartments. One apartment is a one bedroom, the second apartment has two bedrooms. The northeast building is also a two story building with approximately 1,319 square feet of leasable commercial space on the first floor and the upper floor is a 3 bedroom, 1,056 square foot apartment. The total leasable space on the northeast building is 2,375 square feet. Apartments have been recently updated. All space in both buildings have secure, long-term tenants. The south building is a 3 car garage, totaling approximately 728 square feet. Great location, heavily trafficked corner.