- Long Term Owner-Operator (15+ Years)
- Well Positioned & Poised for Value-Add Implementation
- Prime Location in Sioux City
- Strong Historical Performance and Rent Growth
- Attractive Market Dynamics & Fantastic Accessibility
- Offered with Interest-Only Assumable Financing
Long Term Owner-Operator (15+ Years)
Country Club Apartments offers an incredibly rare opportunity to purchase from a long-term owner and operator of more than 15 years. The property has been owner-managed and meticulously maintained throughout its lifetime, providing new ownership with a solid foundation to build on. New ownership will have the opportunity to capture substantial upside through cosmetic interior renovations, as the unit mix is currently 100% classic. With a systematic upgrade package and more aggressive leasing strategies, new ownership will be able to realize sizeable additional revenue.
Well Positioned & Poised for Value-Add Implementation
Country Club was constructed in 1999 and features 100% original interior finishes, creating an outstanding opportunity to achieve rent upside of $194 per month per apartment home with moderate interior upgrades. Adding cosmetic upgrades such as new kitchen cabinets, LVT flooring, solid-surface countertops, new stainless appliances, an updated lighting package, and upgraded bathrooms will allow a new buyer to push annual rental income significantly!
Prime Location in Sioux City
The Country Club Apartments are located in a highly desirable residential area of Sioux City, a growing urban center in the Siouxland region. This neighborhood is characterized by quiet, tree-lined streets, and is within close proximity to popular retail, dining, and entertainment destinations. The property is conveniently situated near key commuter routes, including major highways, allowing easy access to downtown Sioux City and neighboring communities. The property is within walking distance to various public amenities such as parks, grocery stores, and schools, while also being just a short drive from Sioux City’s major employers, making it a top choice for families and professionals. Additionally, Sioux City’s public transportation options and proximity to regional airports enhance its accessibility.
