NOT LISTED FOR SALE

300 W 33rd St South Sioux City, NE 68776

Estimated Value: $4,313,186

-- Bed
-- Bath
35,784 Sq Ft
$121/Sq Ft Est. Value

Last Sold August 01, 2019

Last sale price $1,800,000 $50 Per Sq Ft

Est. 140% increase in value since last sale

Current estimated payment $26,399/month

146 Days on Market

Highlights

  • 1.19 Acre Lot
  • Hot Water Heating System
  • Level Lot
  • Landscaped with Trees
  • Coin Laundry

About This Home

As of August 2019

Excellent Investment Opportunity! 36 unit, 2 building apartment complex, zero vacancy at current time, located in South Sioux City, NE. Apartment offers a 7.5% cap rate, and 80% of apartments remodeled and updated in 2017-2018. Apartment mix is 12 Studio apartments and 24 1-bedroom apartments, on-site laundry, off-street parking, and good paying tenants. Located close to public transportation, and access to HWY 20 and major roads. Financial information available upon request and execution of a Confidentiality Agreement. Owners also own another complex located at 316 E. 16th St in SSC and would like to sell both properties together.

Last Agent to Sell the Property

James Stephenson

FACTOR Realty Listed on: 03/08/2019

Last Buyer's Agent

James Stephenson

FACTOR Realty Listed on: 03/08/2019

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $16,981

Year Built

  • Built in 1968

Lot Details

  • 1.19 Acre Lot
  • Level Lot
  • Landscaped with Trees

Home Design

  • 35,784 Sq Ft Home

Schools

  • S Sioux City Middle School
  • S Sioux City High School

Utilities

  • Window Unit Cooling System
  • Hot Water Heating System
  • Internet Available

Community Details

  • 36 Units
  • Coin Laundry

Listing and Financial Details

  • Assessor Parcel Number 220055319

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$16,981

Year Built

Built in 1968

Lot Details

0

Listing Details

  • Property Class: Multi-Unit
  • Type: Multi-Unit
  • Property Features: Level Lot, Trees
  • Legal Description: Long Legal, seller can provide survey
  • Year Built: 1968
  • School Middle Junior: S Sioux City Middle
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Total Sq Ft: 35784
  • Main Level Sq Ft: 11928
  • Sq Ft 2nd Level: 11928
  • Sq Ft 3rd Level: 11928

Exterior Features

  • Road Frontage: 499

Garage/Parking

  • Internet: Yes
  • Driveway: Blacktop
  • Off Street Parking: 45

Utilities

  • Air Conditioning Type: Window Unit
  • Flood Insurance: Unverified
  • Fuel Type: Natural Gas
  • Heat Type: Hot Water
  • Sewer Type: City
  • Water Type: City
  • Coin Operated Laundry: Yes

Lot Info

  • Acres: 1.19
  • Lot Sq Ft: 51800
  • Parcel Number: 220055319
  • Zoning: Commercial
  • Land Assessment: 69420

Rental Info

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

Tax Info

  • Year: 2018
  • Gross Taxes: 16981
  • Tax Class: Commercial

Multi Family

  • Number Of Units: 36

MLS Schools

  • School High: S Sioux City High

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 8, 2019
Closed on
Jul 31, 2019
Sold by
Crest Dacotah Oaks Llc
Bought by
Oakwood Dakotah Llc
Seller's Agent
James Stephenson
FACTOR Realty
Buyer's Agent
James Stephenson
FACTOR Realty
List Price
$2,500,000
Sold Price
$1,800,000
Premium/Discount to List
-$700,000
-28%
Current Estimated Value
$4,313,186

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$2,513,186
Avg. Annual Appreciation
15.01%
Original Mortgage
$2,240,000
Outstanding Balance
$1,963,036
Interest Rate
3.73%
Mortgage Type
Future Advance Clause Open End Mortgage
Estimated Equity
$2,350,150
Source: Public Records

Range of Values:

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Average Value
Not Available
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

Purchase History

Date Buyer Sale Price Title Company
Oakwood Dakotah Llc $2,800,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Oakwood Dakotah Llc $2,240,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/01/2019 08/01/19 Sold $1,800,000 -14.3% $50 / Sq Ft
04/26/2019 04/26/19 Price Changed $2,100,000 -15.2% $59 / Sq Ft
04/23/2019 04/23/19 Price Changed $2,475,000 -1.0% $69 / Sq Ft
03/08/2019 03/08/19 For Sale $2,500,000 -- $70 / Sq Ft
Source: Northwest Iowa Regional Board of REALTORS®

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $44,532 $3,041,645 $45,900 $2,995,745
2023 $18,406 $1,036,560 $45,900 $990,660
2022 $19,823 $1,036,560 $45,900 $990,660
2021 $20,545 $1,036,560 $45,900 $990,660
2020 $17,962 $898,450 $45,900 $852,550
2019 $16,370 $816,420 $45,900 $770,520
2018 $16,981 $839,940 $69,420 $770,520
2017 $13,279 $658,330 $69,500 $588,830
2016 $13,260 $668,715 $160,740 $507,975
2014 $13,768 $668,715 $160,740 $507,975
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2019

    James Stephenson

    FACTOR Realty

    Section Image
  • Richard J. Salem

    Buyer Co-Listing Agent in 2019

    Richard J. Salem

    Salem Real Estate

    (712) 204-2727

    3 in this area

    162 Total Sales

    Richard J. Salem
    Section Image
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Map

Source: Northwest Iowa Regional Board of REALTORS®

MLS Number: 804138

Northwest Iowa Regional Board of REALTORS®

APN: 220055319

Nebraska Dakota County South Sioux City 68776

300 W 33rd St, South Sioux City, NE

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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