11-Single Family Rental Portfolio Multi-Family FOR SALE


Sioux City, IA
$1,600,000 USD
712-226-8003
, Sioux City, IA for Sale
$1,600,000 USD
Multi-Family - FOR SALE
1/12
null | 6.99% Cap Rate

11-Single Family Rental Portfolio
Sioux City, IA


HIGHLIGHTS

  • 100% Occupancy.
  • Extensive Renovations to some units - both material and cosmetic.
  • SFH - Tenants Pay: Gas, Electric, Water.

OVERVIEW

Gateway Real Estate Advisors is pleased to present for sale, the Sioux City Single Family Portfolio (the “Property”), an 11-property portfolio. The properties are located throughout the city of Sioux City, Iowa and present an investor the rare opportunity to purchase fully occupied, lots of updates and upgrades, with room to move rates and boost NOI. Acquired between 2021 and 2023, this portfolio comprises 11 (mostly upgraded) single family, primarily located near Briar Cliff University and near busy Hamilton Blvd. This portfolio benefits from the city’s status as a retail, health, entertainment, and government hub for over 200,000 residents. Sioux City’s diversified economy, which includes healthcare, education, government, and manufacturing sectors, positions the property for sustained growth. The area’s median household income is projected to increase by 13% over the next five years.

ASK ABOUT THIS PROPERTY

Erin RooneyGateway Real Estate AdvisorsMore Info
712-226-8003

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.

Erin RooneyGateway Real Estate AdvisorsMore Info
712-226-8003

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.