301 21st Street Sioux City, IA 51104
Listing Courtesy of: NORTHWEST IOWA BOR / J & M Real Estate Group Inc.

  301 21st Street Sioux City, IA 51104

Active (92 Days)
$1,100,000
15
BED
15
BATH
9,000
SQFT

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 investors 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 todays market. Dont miss this exceptional investment opportunity! Contact us today for additional details, financials, and to schedule a private showing.

MLS #:
826708
Taxes
$9,728(2023)
Lot Size
3,485 SQFT
Type
Multifamily
Year Built
1905
Views
No
County
Woodbury County

Listed By

Brandi Jorgensen, J & M Real Estate Group Inc.
Source
NORTHWEST IOWA BOR
Last checked Jan 26 2025 at 6:24 AM GMT+0000
Bathroom Details
  • Full Bathrooms: 15
Homeowners Association Information
  • Dues: $1
Living Area
  • 9,000 sqft
Location
   
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Listing Price History

Date
Event
Price
% Change
$ (+/-)
Oct 27, 2024
Price Changed
$1,100,000
-90%
-9,900,000
Oct 26, 2024
Original Price
$11,000,000
-
-
Disclaimer: Copyright 2025 Northwest Iowa Board of Realtors. All rights reserved. This information is deemed reliable, but not guaranteed. The information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated 1/25/25 22:24