2220 Lemon St Sioux City, IA 51106
- Commercial real estate
- 2,697 SF
- 0.28 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for 2220 Lemon St
- Year built
- 1912
- Lot size
- 0.28 lot acres
- Property size
- 2,697 SF
- Property type
- Commercial real estate
- APN
- 884705183010
Description
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.
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
- -96.3419533
- Latitude
- 42.4674979
