2220 Lemon St Sioux City, IA 51106

Exceptional investment opportunity in Sioux City, Iowa's desirable Morningside neighborhood. This well-maintained, five-unit apartment building at 2220 S Lemon St boasts a substantial 2,697 square feet of living space, spread across a single story. The property comprises four one-bedroom units and one two-bedroom unit, generating a strong net operating income (NOI) of $27,811, resulting in an attractive 7.13% capitalization rate. Built in 1912, the building sits on a 0.28-acre lot (80 ft frontage x 150 ft depth), zoned NC.4 - Neighborhood Conservation 4. Four garages provide additional income potential. The property's owner currently covers water, sewer, and trash expenses, totaling approximately $3,312 annually. The asking price is $390,000, and the APN is 884705183010. This corner property presents a rare chance to acquire a proven income-generating asset in a sought-after location. Its solid performance and potential for future growth make it an ideal addition to any investment portfolio. Serious inquiries only.