1820 S Nicollet St

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1820 S Nicollet St

Sioux City, IA 51106
Asking Price
$230K
Asset Type
Multifamily
Class
Class B

AI Property Summary

Structured overview optimized for LLM context (ChatGPT, Perplexity, Claude).

  • Multifamily property located in Sioux City Iowa
  • Total of two residential rental units included
  • Current asking price set at $230000
  • Positioned within the 51106 zip code area
  • Well suited for small scale income generation

What's Special

Investors seeking to expand their residential holdings will find this multifamily property at 1820 S Nicollet St in Sioux City, Iowa, a straightforward addition to a rental portfolio. The asset features two units, presenting a functional configuration for those interested in small-scale income generation or property management within the local Siouxland region. This location provides access to the broader economic landscape of Sioux City, a hub known for its diversified industrial and agricultural sectors that support a steady regional workforce. Positioned in the 51106 zip code, the building offers a stable base for tenants who prioritize proximity to regional employers and essential services. The property is currently available for purchase at an asking price of $230,000. Its scale is well-suited for an investor looking for a manageable multifamily investment in a growing suburban environment, providing potential for consistent occupancy in a market that remains an important center of commerce and trade for northwestern Iowa.

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NOI
$80,000
Cap Rate
34.78%
DSCR
5.86
Strong
Cash-on-Cash
96.15%
Monthly Payment
$1,137.915
Annual Cash Flow
$66,345.026

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