821 Nebraska St, Sioux City, IA 51101 | Listings

821 Nebraska St, Sioux City, IA 51101

  • $695,000
  • 3 Beds
  • 1 Full Bath
  • 12,126 sq ft
  • Single Family
  • Listing #815985

Property Description

This is a portfolio that has great opportunity with cash flow and CAP rate. Estimated cap rate currently is 7.6% and fully rented estimated rate is 18.01%. Included on one parcel is one 6-plex (821-31 Nebraska), one 4-plex (516-522 9th St) and one 3-plex (514 9th St). There are 10 - 3 bedroom apartments and 3 - 2 bedroom apartments. Many apartments have been recently updated with paint, electrical, misc. interior work and exterior work on the property. This includes privacy fences and security cameras. (Video and Audio). All three roofs were updated in the last 5 years. The owner pays water and heat (Boiler system) on the 6 unit property and 4 - unit property (Both Brick Units). The 3 plex has forced heat and owner ONLY pays water. There are currently 6 vacant apartments, with 5 ready to rent. These multiplexes are 2 story and 1 bathroom and a kitchen in each apartment. There are currently 2 units approved for section 8.

Listing Details

Bedrooms3 Beds
Bathrooms1 Full Bath
Property TypeSingle Family
Listing #815985
Listing TypeFor Sale

Interior Features

Square Feet12,126
Heating and CoolingForced Air, Radiant, Window

Exterior Features

ExteriorBrick, Wood Lap
Lot Size0.26 acres


MLS AreaMidtown
Garage Spaces0

Courtesy of Aaron Tyler, Keller Williams Siouxland

Northwest Iowa MLSCopyright 2022, Northwest Iowa MLS. All rights reserved. The data relating to real estate for sale on this website is deemed reliable but not guaranteed. This is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
This content last updated on 5/16/2022 3:58 AM. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.
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