Central Air 12-Unit Apartment
515 S COLLEGE ST Sioux City, IA 51106
515 S COLLEGE ST, Sioux City, IA, 51106
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For Sale
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Fully occupied 12-unit building with 1- and 2-bedroom units, central air, and washer/dryer hookups.
Days on Market18
Property Features for 515 S COLLEGE ST
General Information
- Standard status
- Active
- Property subtype
- Multifamily
Building Details
- Year Built
- 1976
Listing Agency
Gateway Real Estate Advisors
Listed by
Nic Madsen · License #21571
Source
Crexi
Added: Jul 1 Checked: Jul 17 at 2:23 pm
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Investment Insights
Based on property information with market context.
S College Apartments is a two-story, 12-unit apartment building built in 1976. The unit mix includes both 1-bedroom and 2-bedroom apartments, and many residents benefit from central air and washer/dryer hookups. Recent updates have been completed in 7 of the 12 units, helping refresh day-to-day livability. The property also offers more than 12 parking spaces to support on-site tenant parking.
The asset is located at 515-525 S College Street in Sioux City, IA. It sits within a well-established residential area and is positioned for convenient access to retail, dining, and employment corridors.
For investors or operators seeking an occupied multifamily asset, S College Apartments presents a straightforward 12-unit configuration with a 100% occupied status at the time of offering. The combination of partial unit updates, in-unit laundry hookups, and central air supports tenant appeal while keeping operations aligned with the needs of a mix of 1- and 2-bedroom households.
The asset is located at 515-525 S College Street in Sioux City, IA. It sits within a well-established residential area and is positioned for convenient access to retail, dining, and employment corridors.
For investors or operators seeking an occupied multifamily asset, S College Apartments presents a straightforward 12-unit configuration with a 100% occupied status at the time of offering. The combination of partial unit updates, in-unit laundry hookups, and central air supports tenant appeal while keeping operations aligned with the needs of a mix of 1- and 2-bedroom households.
Key Highlights
- Fully occupied 12‑unit multifamily at 515‑525 S College Street, Sioux City, IA
- Unit mix of 1‑bedroom and 2‑bedroom apartments; average in‑place rent is $831/month vs. $946/month average market rent
- Generates $119,700 annual gross revenue with $66,748 NOI and a 6.95% cap rate
Property Analytics
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FAQs
What type of property is this?
Apartment building - Fully occupied 12-unit building with 1- and 2-bedroom units, central air, and washer/dryer hookups.
Where is this apartment building located?
The property is located at 515 S COLLEGE ST Sioux City, IA.
What is the asking price?
The asking price for this property is $960,000.
What are key features of this property?
This property features: Fully occupied 12‑unit multifamily at 515‑525 S College Street, Sioux City, IA; Unit mix of 1‑bedroom and 2‑bedroom apartments; average in‑place rent is $831/month vs. $946/month average market rent; Generates $119,700 annual gross revenue with $66,748 NOI and a 6.95% cap rate
