Sioux City, IA Homes for Sale in 51106 and Real Estate MLS # 241454
$889,000
14
14
9418
Active
General Description
Presenting a prime multi-family investment opportunity featuring 14 total units, comprised of two four-plexes and one six-plex. Two properties are located in the heart of central Morningside, while the third offering is just down the street from the iconic Grandview Park. These properties benefit from convenient access to local amenities and universities. With a history of consistent occupancy, this portfolio promises solid cash flow and a stable income stream. This is a lucrative chance for investors looking to quickly expand their portfolio with income-producing units. The two four-plexes offer excellent rental potential in a sought after area, while the six-plex provides additional value add income opportunities. Don’t miss out on this profitable investment—take a look! Properties included are 3615 5th Ave, 2116 South St Marys, 2111 Grandview Blvd.
Legal: ST AUBIN PLACE 3RD EX W 6 FT LOT 9 BLK 7 LOT 10 BLK 7, ST AUBIN PLACE S 60.5 FT LOTS 5 & 6 BLK 4, CALLS SUMMIT LOT 8 BLK 3
Here's the scenario. You are building a house or remodeling your house. Material costs are up. Labor costs are up. You ask yourself, where can I save a buck? Before answering this question, you must be careful, especially if your home is located in an area where other quality homes are built, whether on the lake, off the lake, or in higher valued developments such as golf course developments, etc. Growing up in construction and with a plethora of new construction and remodels under my belt, let me share with you some of the easy things that your future buyers will recognize when they are looking for quality.
1. One of the first things buyers of higher end homes will look for is to determine if the owner used hollow core doors. It's an immediate sign that the seller was looking for ways to save money (where else then did they cut back that I can't see???)
2. The second most obvious is the counter tops. Did the sellers spend for a quality granite, quartz, or other hard surface, or was formica used?
3. The third item that might stick out is the cabinetry. Do the drawers have dovetail construction with hardwoods? Did they use "soft close" drawers? Are there pull outs for the pots and pans?
4. Flooring is an easy one also. Was laminate used, or is it engineered or hardwoods? Does the carpet convey a quality feel and plushness? Is there a nice thick pad underneath the carpet?
5. Though there are many other items to look at, cheap vs quality lighting and plumbing fixtures are probably the next major focus.
There is nothing wrong with with using lower cost materials, especially when trying to keep a project within budget, especially when trying to build more house for less money. Just be aware that most buyers looking to spend in excess of $300k for off lake homes and $500+ for East Lake chain homes, and $1M+ for West and Big Spirit will expect the very best materials and finishes.
Okoboji Mattress Co. is a Sleep Specialty Store located .7 miles west of the junction of 9 and 71 in Spirit Lake, IA. We are a locally owned Sleep Boutique featuring Serta and Simmons Mattresses and bases. Stop by try Malouf Z Pillows before you buy! A great selection of Serta, and Simmons Beautyrest Mattresses, Adjustable Bases, Malouf Sheets, Mattress Protectors, and Comforters, Malouf Z pillows, and more! New Sleep Lift Recliners from Mega Motion and Ultimate Power Recliner!
New to Okoboji is The Market Scratch Kitchen. They proudly offer salads, sandwiches and grab 'n go options made with fresh ingredients and prepared daily. Ask about the 'Vacation Mom' meals featuring nutritious and nourishing take-and-bake dishes ready to serve you and your Okoboji vacation family. The community is excited for a healthy food option choice in our area!
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