1720 Morningside Ave - Apartments FOR SALE


Sioux City, IA 51106
$4,250,000 USD
712-577-1267
1720 Morningside Ave, Sioux City, IA for Sale
$4,250,000 USD
Apartments - FOR SALE
1/15
null | Request Cap Rate

1720 Morningside Ave
Sioux City, IA 51106


OVERVIEW

Morningside Lofts, built in 2023, is a modern 24-unit apartment complex ideally located next to Morningside University. The property features six 3-bedroom, 2-bath units and eighteen 2-bedroom, 2-bath units, offering spacious layouts in a high demand rental market. With newer construction and remaining tax abatement, this is a rare opportunity to acquire a turnkey multifamily asset in one of Sioux City’s strongest rental locations. Financials available with a signed NDA

FOR SALE DETAILS

PRICE

$4,250,000 USD

PRICE/SF

$177 USD /SF

# OF UNITS

24

PRICE/UNIT

$177,083

CAP RATE

Request Cap Rate

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Morningside Lofts

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

2023

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.11 AC

LAND SF

48,544 SF

ZONING

NC.5

APN/PARCEL ID

884706206021

ASK ABOUT THIS PROPERTY

Aidan VanderlooNAI UnitedMore Info
712-577-1267

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Aidan VanderlooNAI UnitedMore Info
712-577-1267

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