1600 Nebraska St Sioux City, IA 51105
Call to check price and availability
Five-unit apartment building, high cap rate.
Property size:
2,680 SFProperty Features for 1600 Nebraska St
General Information
- Property type
- Multifamily properties
- Square Feet
- 2,680 SF
- Lot Size
- 6,534 SF
Building Details
- Year Built/Renovated
- 1910/2020
- Stories
- 2
- Units
- 5
Listing Agency: NAI United Listing Agent: Nathan Connelly
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
Exceptional investment opportunity in Sioux City, Iowa! This meticulously renovated 5-unit apartment building at 1600 Nebraska St boasts a strong 9.05% capitalization rate and a current 100% occupancy. The property, situated on a 0.15-acre lot (APN 894721377006), comprises a four-plex and a separate studio apartment, all fully renovated in 2020. Upgrades include new flooring, kitchens, bathrooms, plumbing, electrical systems, water heaters, and furnaces. Further enhancing the property's value, the roof was replaced in 2020 and all windows were replaced in 2019. The building, constructed in 1910 and featuring two stories, offers 2,680 square feet of living space, priced at $103 per square foot. The asking price is $250,000, with a net operating income (NOI) of $25,329.05. Tenants are responsible for MidAmerican energy costs, while the landlord covers water and sewer expenses. The property is zoned NC.5 and presents a compelling opportunity for a savvy investor seeking a high-return, low-maintenance multifamily asset in a desirable location. This turnkey property is ready for immediate income generation.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Commercial real estate
Location Insight
- Map
- Local Demand
- City
- Sioux City
- County
- Woodbury
- State
- Iowa
- Longitude
- -96.4032419
- Latitude
- 42.5073121
Nearby Similar for Sale
FAQs
What type of property is this?
Multifamily property - Five-unit apartment building, high cap rate.
Where is this multifamily property located?
The property is located at 1600 Nebraska St Sioux City, IA.
What is the asking price?
The asking price for this property is $250,000.
What are key features of this property?
This property features: Exceptional investment opportunity: 5-unit apartment building in Sioux City, IA with a 9.05% cap rate and 100% occupancy.; Fully renovated in 2020, including new kitchens, baths, and mechanicals.; 2,680 sq ft on a 0.15-acre lot (APN 894721377006), priced at $250,000 ($103/sq ft).
