821 Nebraska St, Sioux City,
Iowa 51101
MLS # 815985
$649,000
- 3
- 1
- 12126
- Active
General Description
This is a portfolio that 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. These multiplexes are 2 story and 1 bathroom and a kitchen in each apartment. There are currently 2 units approved for section 8.Legal:SIOUX CITY EAST N 1/2 LOT 11 & LOT 1 2 BLK 44
Property Information
815985
$649,000
821 Nebraska St
Midtown
Sioux City
Woodbury
IA
Sale
Residential
Single Family
2 Story
Unfinished
12126
0
None
0
1910
1
3
51101
5578
Listed By
Keller Williams Siouxland
Aaron Tyler
PROPERTY LOCATION
MORTGAGE CALCULATOR
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Licensed In Iowa, South Dakota, and Nebraska. Each Office Independently Owned and Operated.
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