301 21st Street, Sioux City, IA 51104

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List Price
$1,025,000
Price Change
▼ $75,000 1787341440
Days on Market
45
Status
ACTIVE
MLS#
834214
Lot Size (Acres)
0.08
Year Built
1905

Property Description

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.

Additional Information

Area
Downtown
Subdivision
IA
Taxes
$9,728
HOA Fee
$1

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Calculator source: Real Geeks

Listing courtesy of J & M Real Estate Group Inc..