2012-18 Douglas St Sioux City, IA 51104
- Apartment buildings
- 3,072 SF
- 0.18 lot acres
Current Use by Public Records
- Apartment buildings
Property Details for 2012-18 Douglas St
- Year built
- 1964
- Lot size
- 0.18 lot acres
- Property size
- 3,072 SF
- Property type
- Apartment buildings
Description
This exceptional investment opportunity presents a five-unit apartment building situated at 2012-18 Douglas Street in Sioux City, Iowa, within Woodbury County. The property, built in 1964, boasts a total of 3,072 square feet and sits on a 0.18-acre lot (APN: 894721304003). The building is zoned NC.3 - Neighborhood Conservation 3. The asking price is $385,000, offering a compelling 7.88% capitalization rate with a Net Operating Income (NOI) of $30,337. The property comprises four two-bedroom apartments and one one-bedroom apartment, providing a diverse rental mix. Adding to its income potential, four garages located in the alley offer additional rental revenue streams. Each unit is equipped with central air conditioning and heating, along with washer/dryer hookups. Individual metering for water, sewer, trash, and heat ensures efficient utility management and cost allocation. This well-maintained property presents a solid investment opportunity with consistent rental income and potential for future appreciation in a desirable Sioux City location (Zip code 51104). The property's strong cash flow and attractive cap rate make it an ideal addition to any investment portfolio.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Sioux City
- County
- Woodbury
- State
- Iowa
- Longitude
- -96.4061
- Latitude
- 42.5117
