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28142440
28142456

2 Locations

JF
B68110000
Plains Asset Group
Listed by Plains Asset Group
$4,950,000
217 days on market
Updated 111 days ago

1600 26th St ET AL

Details
Property Type Multifamily
Sub Type Apartment Building
Square Footage 44,256
Net Rentable (SqFt) 44,256
Units 44
Cap Rate 5.48%
NOI $271,384
Occupancy 95.5%
Price per SqFt $112
Broker Co-Op Yes
Class C
Year Built 1953
Buildings 5
Stories 2
Acreage 3.370
Investment Type Value Add
Occupancy Date 11/06/2025
Ground Lease No

Multifamily | 44 Units | $112,500/unit

Marketing description

Portfolio of 44 townhomes offered together in Sioux City, Iowa. The properties are located at two sites: • 1200–1230 26th Street – Sixteen

(16) two-bedroom townhomes. A vacant lot adjacent to this site will be included in the sale. • 1510–1623 26th Street – Twenty-eight (28)

townhomes consisting of twenty (20) three-bedroom units and eight (8) two-bedroom units. Basements are currently unfinished and

present a potential value-add opportunity through completion. All properties are being sold together as one package. Contact us for

more details. The listing agent is an owner of these properties.

Investment highlights

  1. 44-Unit Townhome Portfolio – Sioux City, IA
    Exceptional opportunity to acquire a collection of 44 townhomes located across two established sites in Sioux City, Iowa. All properties are being offered together as a single investment package.

  2. Two Prime Locations
    1200–1230 26th Street – Sixteen (16) two-bedroom townhomes, plus an adjacent vacant lot included in the sale.
    1510–1623 26th Street – Twenty-eight (28) townhomes consisting of twenty (20) three-bedroom units and eight (8) two-bedroom units.

  3. Strong Occupancy & Immediate Income
    Majority of units are tenant-occupied, generating consistent in-place cash flow with room for future rent growth.

  4. Value-Add Potential
    Unfinished basements throughout the portfolio offer a clear opportunity to increase living space and enhance returns through completion.

  5. Desirable Townhome Layouts
    Spacious two- and three-bedroom floor plans attract long-term tenants and support stable occupancy within established residential neighborhoods.

  6. Professional Management in Place
    The current management company actively overseeing the portfolio is willing to continue management after the sale, ensuring a smooth transition and operational continuity for new ownership.

  7. Efficient Portfolio Management
    Concentrated locations allow for streamlined maintenance, oversight, and operational efficiency.

  8. Attractive Basis & Long-Term Upside
    Offered “as is” at a compelling price relative to replacement cost and comparable townhome assets in the region.

Listing Contacts

JF
B68110000
Plains Asset Group
Listed by Plains Asset Group

Valuation Calculator

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$271,384.00
$22,615.33/mo

Valuation Metrics

0
DSCR
5.48%
Cap Rate
5.48%
ROI

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