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

MLS # 816181

$975,000

  • N/A
  • N/A
  • 18320
  • Active

General 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.

Legal:Multi-Units: SIOUX CITY EAST LOTS 7, 8, 9 BLK 51 Lot: SIOUX CITY EAST LOT 10 BLK 51
Status: Active

Property Information

816181

$975,000

513 9th St - 33 Unit Portfolio

Midtown

Sioux City

Woodbury

IA

Sale

Commercial

2

Yes

18320

0

111

1910

0

0

51101

9200

Listed By

Keller Williams Siouxland

Aaron Tyler

PROPERTY LOCATION

MORTGAGE CALCULATOR


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Listed by : PREMIER REALTY GROUP, CHRIS OBERG
RE/MAX Preferred - Licensed In Iowa, South Dakota, and Nebraska. Each Office Independently Owned and Operated.

RE/MAX Preferred

Licensed In Iowa, South Dakota, and Nebraska. Each Office Independently Owned and Operated.

712.224.4100

info@preferredsiouxland.com

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