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$ 1,025,000
Est. payment | /mo
15 Beds
15 Baths
9,000 SqFt
$ 1,025,000
Est. payment | /mo
15 Beds
15 Baths
9,000 SqFt
Key Details
Property Type Multi-Family
Sub Type Multi-Unit
Listing Status Active
Purchase Type For Sale
Square Footage 9,000 sqft
Price per Sqft $113
MLS Listing ID 834214
Bedrooms 15
Full Baths 15
Year Built 1905
Annual Tax Amount $9,728
Tax Year 2023
Lot Size 3,484 Sqft
Acres 0.08
Property Sub-Type Multi-Unit
Property Description
Presenting Grandview Apartments, a prime turnkey investment opportunity in the heart of Sioux City, Iowa. This meticulously maintained four-level apartment building offers a fully leased, income-generating property with 15 one-bedroom units. Each apartment has been recently remodeled with modern finishes and brand-new appliances, making it a hassle-free addition to any investor's portfolio. Key Features: Turnkey Investment: Fully leased, generating consistent cash flow from Day 1. New Roof: Installed recently, reducing maintenance costs and long-term capital expenditure. Completely Renovated Units: Each unit features contemporary finishes and new appliances, maximizing rental potential and tenant satisfaction. Desirable Location: Centrally located in Sioux City, providing easy access to local amenities, public transportation, and employment centers. Low Vacancy Risk: Strong rental demand in the area, ensuring stable long-term tenancy. Attractive Cap Rate: Positioned for strong returns with the potential for future rent growth. This low-maintenance, high-yield property is perfect for both seasoned investors and those looking to expand their portfolio with a solid, income-producing asset. The combination of recent updates, strong market rents, and full occupancy makes Grandview Apartments a rare find in today's market. Don't miss this exceptional investment opportunity! Contact us today for additional details, financials, and to schedule a private showing.
Location
State IA
County Woodbury
Area Downtown
Zoning R3+
Multi-Unit Info
Total Units 15
Unit 1 Information SqFt: 600; Bedroom: 1; Bathroom: 1; FullBath: 1
Unit 2 Information SqFt: 600; Bedroom: 1; Bathroom: 1; FullBath: 1
Unit 3 Information SqFt: 600; Bedroom: 1; Bathroom: 1; FullBath: 1
Unit 4 Information SqFt: 600; Bedroom: 1; Bathroom: 1; FullBath: 1
Listed by J & M Real Estate Group Inc.
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