301 21st St - Apartments FOR SALE


Sioux City, IA 51104
$1,025,000 USD
605-659-4269
301 21st St, Sioux City, IA for Sale
$1,025,000 USD
Apartments - FOR SALE
1/23
null | 6.83% Cap Rate

301 21st St
Sioux City, IA 51104


HIGHLIGHTS

  • Recently rehabbed units
  • High Occupancy Building
  • Location

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$1,025,000 USD

PRICE/SF

$127 USD /SF

# OF UNITS

15

PRICE/UNIT

$68,333

CAP RATE

6.83%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Grandview Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

4

YEAR BUILT

1905

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.07 AC

LAND SF

3,049 SF

ZONING

Commercial

APN/PARCEL ID

894721155024

ASK ABOUT THIS PROPERTY

Brandi JorgensenJ & M Real Estate Group, Inc.More Info
605-659-4269

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Brandi JorgensenJ & M Real Estate Group, Inc.More Info
605-659-4269

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