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$630,000
Est. payment /mo
7 Beds
7 Baths
5,610 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Multi-Unit
Listing Status Active
Purchase Type For Sale
Square Footage 5,610 sqft
Price per Sqft $112
MLS Listing ID 833622
Bedrooms 7
Full Baths 7
Year Built 1961
Annual Tax Amount $7,500
Tax Year 2024
Lot Size 7,405 Sqft
Acres 0.17
Property Sub-Type Multi-Unit
Property Description
7-unit multifamily investment offered at $630,000 ($90,000/unit), generating $37,817 in NOI. The property is 100% occupied. Built in 1961 as a single-story building, all units are 1BR/1BA with private entries and in-wall AC. Current ownership has completed 3 of 7 units already renovated, reducing near-term capex needs for a new owner while leaving further value-add potential on the remaining units. Located in an established South Side Sioux City neighborhood with strong tenant demand. Contact Daniel Stillson for the full offering memorandum and financials.
Location
State IA
County Woodbury
Area Mside North
Zoning com
Multi-Unit Info
Total Units 7
Unit 1 Information SqFt: 700; Bedroom: 1; Bathroom: 1; FullBath: 1
Unit 2 Information SqFt: 700; Bedroom: 1; Bathroom: 1; FullBath: 1
Unit 3 Information SqFt: 700; Bedroom: 1; Bathroom: 1; FullBath: 1
Unit 4 Information SqFt: 700; Bedroom: 1; Bathroom: 1; FullBath: 1
Interior
Heating Forced Air
Building
Sewer City
Water City
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Listed by Gateway Real Estate Advisors
Nearby School & Business
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