1005 S GLASS ST, Sioux City, IA 51106

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.