Rachel Raak
BEDS8
BATHS6 full
MLS#831851
STATUSPending
PROPERTY TYPEMulti Unit - Multiple
Property Description
Excellent investment opportunity in Sioux City featuring a fully occupied 7-unit parcel consisting of two separate buildings ? one 4-unit building and one 3-unit building. Property is currently 100% occupied with strong in-place income totaling $5,050 per month ($60,600 annually). Unit mix includes multiple 1- and 2-bedroom layouts, providing stable rental demand and diversification. This is a solid addition to any investors portfolio with immediate cash flow and potential upside through rent optimization and continued professional management. Listing agent has ownership interest in the property.
Property Features
Property Type: Multi Unit - Multiple
Cooling: Central
Fuel Type: Electric, Natural Gas
Heating: Forced Air
Lot Size: 0.16 Acres
Taxes: $3,640
Year Built: 1865
Units
Unit Type 1:
Bedrooms: 2
Bathroom Full: 1
Rent: $800
Square Footage: 600
Unit Type 2:
Bedrooms: 1
Bathroom Full: 1
Rent: $650
Square Footage: 500
Unit Type 3:
Bedrooms: 2
Bathroom Full: 1
Rent: $824
Square Footage: 600
Unit Type 4:
Bedrooms: 1
Bathroom Full: 1
Rent: $600
Square Footage: 500
Unit Type 5:
Bedrooms: 1
Bathroom Full: 1
Rent: $600
Square Footage: 500
Feature Descriptions
Days on Site: 28
Parcel: 19193-894728236019
Rental: Yes
Rental Income: 5050
Sewer: City
SQFT Main: 2181
Water: City
Zoning: NC.4
Local Schools
High School: North High
Middle School: North Middle
Elementary School: Irving
Listed By / Shown By
Listed By
Agency Name: Plains Asset Group
Shown By
Agent Name: Rachel Raak
Agent Phone: (712) 454-4227
Agency Title: United Real Estate Solutions
Estimate Your Payment
Estimated Payment
$ 1,942.98 per month $1,561.77 Principal & Interest $303.33 Property Tax $77.88 Homeowner's InsuranceChange Payment Information
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1007-09 Iowa St | MLS# 831851
This multi-family property located at 1007-09 Iowa St, Sioux City, IA 51105 is currently listed for sale with an asking price of $267,000. Search Sioux City real estate on rachelraak.unitedrealestatesolutions.com today.