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Grandview Apartments 301 21st St 15 Unit Apartment Building $1,025,000 ($68,333/Unit) 6.83% Cap Rate Sioux City, IA 51104
Investment Highlights
- Recently rehabbed units
- Location
- High Occupancy Building
Executive Summary
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.
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.
Data Room Click Here to Access
Financial Summary (Pro Forma - 2026) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Pro Forma - 2026) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $1,025,000 | Property Subtype | Apartment |
| Price Per Unit | $68,333 | Apartment Style | Mid-Rise |
| Sale Type | Investment | Building Class | C |
| Cap Rate | 6.83% | Lot Size | 0.07 AC |
| Gross Rent Multiplier | 6.9 | Building Size | 8,076 SF |
| No. Units | 15 | No. Stories | 4 |
| Property Type | Multifamily | Year Built/Renovated | 1905/2022 |
| Zoning | Commercial | ||
| Price | $1,025,000 |
| Price Per Unit | $68,333 |
| Sale Type | Investment |
| Cap Rate | 6.83% |
| Gross Rent Multiplier | 6.9 |
| No. Units | 15 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | C |
| Lot Size | 0.07 AC |
| Building Size | 8,076 SF |
| No. Stories | 4 |
| Year Built/Renovated | 1905/2022 |
| Zoning | Commercial |
Amenities
Unit Amenities
- Disposal
- Heating
- Carpet
- Instant Hot Water
- Window Coverings
Site Amenities
- Trash Pickup - Curbside
- Walking/Biking Trails
- Walk-Up
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 15 | $775.00 | 600 |
1 1
Moderately walkable
60/100
Moderately drivable
70/100
Limited public transit
30/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 894721155024 | Improvements Assessment | $432,700 (2025) |
| Land Assessment | $90,000 (2025) | Total Assessment | $522,700 (2025) |
Property Taxes
Parcel Number
894721155024
Land Assessment
$90,000 (2025)
Improvements Assessment
$432,700 (2025)
Total Assessment
$522,700 (2025)
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Grandview Apartments | 301 21st St