Property Description

Investor Opportunity!! Rare chance to purchase two newer duplexes being sold together at 796-798 Logan Street and 802-804 Logan Street in Sioux City. Built by Moos Construction less than seven years ago, these well-maintained properties offer a turnkey investment opportunity with four total rental units and a strong rental history. The portfolio consists of two upper-level 2-bedroom, 1-bath units (798 and 802) and two lower-level 1-bedroom, 1-bath units (796 and 804). Each unit features its own in-unit laundry, durable luxury vinyl plank flooring, and individual mini-split heating and cooling systems. Three of the four units have been repainted within the past year, helping minimize future maintenance expenses. Upstairs units have access to the garages. Designed for efficiency and ease of ownership, all utilities are separately metered, with tenants paying their own electricity and water. The buildings feature vinyl siding, modern windows, and roofs that are all less than seven years old. With no basements to maintain and newer construction throughout, these properties are ideal for investors seeking a low-maintenance addition to their portfolio. An added benefit for investors is that both duplexes still have several years remaining on their tax abatements, helping reduce ownership costs and improve overall returns during the remaining abatement period. Current rents are $1,200\month for Unit 802, $1,100\month for Unit 798, and $800\month each for Units 796 and 804, generating a total gross monthly income of $3,900 ($46,800 annually). Whether you`re expanding your rental portfolio, completing a 1031 exchange, or looking for a long-term hold investment with modern construction, tax advantages, simplified management, and proven cash flow, this duplex package offers a compelling combination of stability, income potential, and low-maintenance ownership. Seller is the Agent for the property...

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