NOT LISTED FOR SALE

1612 & 1620 S Rustin St Sioux City, IA 51106

Morningside Neighborhood
9 Beds
7 Baths
4,366 Sq Ft
0.4 Acres

Last Sold February 09, 2022

Last sale price $390,000 $89 Per Sq Ft

About This Home

As of February 2022

Value add multifamily property for sale. 1612 S Rustin is an up-down duplex composed of 2 bedroom, 1 bath units. 1620 S Rustin is a five plex, all 1 bedroom, 1 bathroom. The property is currently 100% occupied with long term renters.

Last Agent to Sell the Property

Nic Madsen

Gateway Real Estate Advisors Listed on: 08/05/2021

Co-Listed By

Beau Braunger

NAI United

Last Buyer's Agent

Nic Madsen

Gateway Real Estate Advisors Listed on: 08/05/2021

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1925

Lot Details

  • 0.4 Acre Lot

Home Design

  • 4,366 Sq Ft Home

Listing and Financial Details

  • Assessor Parcel Number 884801232016/06

Community Details

Building Details

  • Gross Income $50,100
  • Net Operating Income $26,202

Additional Features

  • 7 Units
  • Coin Laundry

Property Details

Home Type

Multi-Family

Year Built

Built in 1925

Lot Details

0

Listing Details

  • Property Class: Multi-Unit
  • Type: Multi-Unit
  • Legal Description: Parcels 884801232016 & 884801232006
  • Year Built: 1925
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Total Sq Ft: 4366
  • Main Level Sq Ft: 2159
  • Sq Ft 2nd Level: 2207
  • Price Per Sq Ft: 89.33

Utilities

  • Coin Operated Laundry: Yes

Lot Info

  • Acres: 0.4
  • Parcel Number: 884801232016/06

Rental Info

  • Paid By Electric: Tenant
  • Paid By Gas: Owner
  • Paid By Water: Owner

Multi Family

  • Rental Income: 4925
  • Electric Separate By Unit: Yes
  • Gross Income: 50100
  • Heat Separate By Unit: Yes
  • Number Of Units: 7
  • Water Separate By Unit: Yes

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/09/2022 02/09/22 Sold $390,000 -2.0% $89 / Sq Ft
12/30/2021 12/30/21 Pending -- -- --
12/02/2021 12/02/21 Price Changed $398,000 -6.4% $91 / Sq Ft
11/30/2021 11/30/21 For Sale $425,000 0.0% $97 / Sq Ft
11/18/2021 11/18/21 Pending -- -- --
10/27/2021 10/27/21 Price Changed $425,000 -5.6% $97 / Sq Ft
10/06/2021 10/06/21 Price Changed $450,000 -5.3% $103 / Sq Ft
08/05/2021 08/05/21 For Sale $475,000 -- $109 / Sq Ft
Source: Northwest Iowa Regional Board of REALTORS®

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Nic Madsen

    Seller's Agent in 2022

    Nic Madsen

    Gateway Real Estate Advisors

    (712) 540-6562

    24 in this area

    150 Total Sales

    Nic Madsen
    Section Image
  • Beau Braunger

    Seller Co-Listing Agent in 2022

    Beau Braunger

    NAI United

    (712) 251-8276

    17 in this area

    316 Total Sales

    Beau Braunger
    Section Image
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Map

Source: Northwest Iowa Regional Board of REALTORS®

MLS Number: 814300

Northwest Iowa Regional Board of REALTORS®

APN: 884801232006

Iowa Woodbury County Sioux City 51106 Morningside

1612 & 1620 S Rustin St, Sioux City, IA

This home is located at 1612 & 1620 S Rustin St, Sioux City, IA 51106 since 05 August 2021. This property was built in 1925. 1612 & 1620 S Rustin St is a home located in Woodbury County with nearby schools including Spalding Park Elementary School, East Middle School, and East High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Northwest Iowa Regional Board of REALTORS® Information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Listing information is deemed reliable, but not guaranteed.

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