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51103, IA Sioux City, 2429-47 Williams Ave.

$825,000

Price Decreased
  • MLS# 832586
  • Bedrooms N/A
  • Bathrooms 1
  • Total Sq.ft 6,625
  • Property Type Multi-Unit
  • Year Built 1952

Property Description

Looking to secure a powerhouse addition to your real estate portfolio? This unique commercial property offers immediate, stabilized cash flow, generating over $9,000 in monthly rental income with a 100% occupancy rate across 13 units. The diverse unit mix caters to a wide range of needs, featuring several charming individual brick homes (1-bedroom), four efficient studio apartments, and two spacious 2-bedroom units. All major appliances stay with the units for a seamless transition. Tenants pay for all their own utilities except for water, keeping your overhead predictable. Note: Air conditioning units are tenant-owned, further reducing your maintenance liability. Benefit from a reliable tenant base, with several residents having called this property home for years. One unit features a full basement with the potential to be converted into additional living quarters, offering an immediate path to increasing your ROI. Don't miss the chance to acquire a fully-rented, versatile asset in a proven location. Check these units out today and see how they can anchor your investment strategy!

Legal: FLOYD PARK LOTS 9-13 INCL & LOT 14 BLK 9
Active

Property Information

  • 832586
  • $825,000
  • 2429-47 Williams Ave.
  • Mside North
  • Sioux City
  • Woodbury
  • IA
  • Sale
  • Multi-Unit
  • 6625
  • None
  • 93
  • 1952
  • 1
  • 51103
  • 11126

LISTED BY

Keller Williams Siouxland, LaNay Welch (712.226.1900) & Keller Williams Siouxland, Bobbi Ricker (712.226.1900)

Property Location

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Request Info For MLS #832586

Rachel Carlson - REALTOR/OWNER, Pricing Strategy Advisor (PSA)

Rachel Carlson

REALTOR/OWNER, Pricing Strategy Advisor (PSA)

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