PRIME INVESTMENT OPPORTUNITY: UPGRADED 4-PLEX NEAR 17TH & JACKSON WITH RELIABLE TENANTS AND VALUE-ADDED UPGRADES

Asking Price: $255,000
613-13 1/12 17th St Sioux City, IA Usa

About 613-13 1/12 17th St:

Investors take notice! This 4-plex, located near the corner of 17th & Jackson, has undergone significant value-added upgrades, making it a prime investment opportunity.

Recently, the entire property has been equipped with all-new electrical systems, ensuring safety and efficiency for all tenants. Additionally, brand new furnaces and water heaters have been installed, providing peace of mind regarding the major mechanical systems. The roof was also replaced in 2019, eliminating any concerns about leaks or damages.

Inside the units, updates have been made to enhance both aesthetics and functionality. Some units now boast new LVP flooring, adding a modern touch and easier maintenance.

The main house consists of two spacious one-bedroom apartments on the main level, perfect for individuals or couples seeking a cozy living space. Upstairs, a generously sized two-bedroom unit awaits, complete with a private deck that overlooks the bustling streets of 17th & Jackson.

Separated from the main house, a charming cottage offers a comfortable one-bedroom unit, providing a secluded retreat for a single tenant or a couple.

To accommodate tenants' vehicles, four garage stalls are available behind the property along the alley. The addition of garage doors can be negotiated, allowing for secure parking and additional storage space.

Currently, the property boasts a reliable and steady income stream from Section 8 tenants. This ensures consistent rental payments and the peace of mind that comes with government assistance. However, future leasing arrangements can be tailored to meet the needs and preferences of the new owner.

The location of this 4-plex is highly desirable, with 17th & Jackson being a bustling intersection that offers easy access to various amenities and attractions. Residents will enjoy a wide range of dining options, shopping centers, and recreational facilities, all within walking distance or a short drive.

For investors seeking a turnkey property with potential for long-term growth and profitability, this 4-plex is an excellent opportunity. With recent upgrades and reliable tenants in place, you can start generating income immediately.

Don't miss out on this chance to add a valuable asset to your investment portfolio. Schedule a viewing today and explore the possibilities that this well-maintained 4-plex has to offer.

Invest with confidence, as the value-added upgrades, reliable rental income, and prime location make this 4-plex an irresistible opportunity for savvy investors. Contact us today to secure your future in real estate.

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Features of Property

Type

Multi family

Year Built

Built in 1900

Heating

No data

Other

No data

Parking

Garage

Price/sqft

$202 price/sqft

Features of Building

Bedrooms & bathrooms
Bathrooms

1

Full bathrooms

1

Other interior features
Total structure area

1,265

Total interior livable area

1,265 sqft

Parking
Parking features

GarageDetached

Has garage

Yes

Lot
Lot size

4,791 sqft

Type & style
Home type

MultiFamily

Property subType

Multi Family

Condition
Year built

1900

Location
Region

Sioux City

Property Agent

Jeff Carlson

RE/MAX Experience

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