2110 Summit

Estimated Monthly Payment: $11,134/mo 2110 Summit, Sioux City, IA 51104 MLS# 800161 Multi-Unit Listing Status: Pending
72,640 sqft

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278
764
2
129

REMARKS:

Salem Real Estate is pleased to present 2110 Summit Street located on the North side of Sioux City, IA. The subject property is a six-story walk-up building consisting of four studios (525 sf); thirty-one one-bedroom (798 sf); five two-bedroom (1,332 sf); and thirteen three-bedroom (1,480 sf) apartments featuring open floor plans, most with two baths, fireplace and considerable closet space. The historic wood trim, floors and fireplaces, as well as the built-in cabinetry are intact. There is an adjacent parking lot with 30 parking spaces and an underground garage with 22 parking spaces with storage units. The asset is nearly fully occupied with long-term tenants in place. Major capital improvements make this an enticing property to real estate investors. The subject property is well located near the beautiful Grandview Park and Bandshell (SITP - Saturday in the Park). Minutes from shopping, restaurants, public and private schools and other amenities. This asset gives an investor the opportunity to acquire a well-maintained asset and achieve above-average returns through rent growth.

OVERVIEW:

Multi-Unit
Pending
1924
1
72640
Other-See Comments
22
None
Radiant
Natural Gas
City
City

FINANCIAL:

$2,200,000
$13,220
2016

NEIGHBORHOOD & SCHOOL INFORMATION:

 

Courtesy of Salem Real Estate

 

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