General Description

This well-maintained 5-plex in the heart of Morningside offers an exceptional investment opportunity with a solid history of consistent cash flow and strong NOI. Three of the units have recently been renovated with new flooring, paint, carpet, and windows, while HVAC systems have also been updated. Located in a highly sought-after neighborhood, this property offers immediate cash flow potential with the opportunity to make further improvements to maximize returns. Whether you're adding to an existing portfolio or starting your investment journey, this property provides a reliable, long-term investment with strong rental demand and minimal maintenance needs. Find this opportunity in close proximity to Sioux City shopping and foodservice amenities along with Morningside University.

Legal: HEDGES MORNINGSIDE LOTS 13 & 14 BLK 30

Status: Active

Property Information

MLS #

250124

List Price

$380,000

Features

Furnished

Utilities

Fireplace

LISTED BY

RE/MAX Experience, Jeff Carlson (712.224.4100)

PROPERTY LOCATION

MORTGAGE CALCULATOR

RE/MAX Lakes Realtya

Licensed In Iowa Each Office Independently Owned And Operated.

712.336.4967

info@sellboji.com

Ask About this Property #250124

MARKET WATCH

Open House(3)

New Construction(109)

New Listing(25)

Price Adjustment(5)

Price Decreased(155)

COMMUNITY

Bridges Bay Resort

Bridges Bay Resort is built on the land purchased a few years prior which used to be owned by the Nielsen family of Arnolds Park. This huge complex consists of a hotel, 3 condo buildings (a 4th is under construction), and over 100 vacation cabins. A popular part of the resort is the indoor waterpark that cabin and condo owners have access to, but also, so does the public for a fee. Braccos is a fantastic summertime restaurant and bar which is frequented by boat, by car, and by foot, especially from the owners of the condos and cabins. All of the units at Bridges Bay have an opportunity for a boat hoist, and it is an extremely popular destination for out of towners looking for a vacation spot in Okoboji. Because Bridges Bay is not within the city limits, many owners utilize property management companies to help them rent their units by the day, week, and month. I've personally sold and shown many condo and cabin units and would be delighted to help.

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Boji Tan

Boji Tan is a great tanning salon located in Spirit Lake. They offer different types of beds that are four different levels. This local business is very clean and the staff is always friendly and provides you with great service. At Boji Tan they don't only offer tanning but you are able to purchase AdvoCare products also. If you are going on a trip and want to get a base tan before you leave or if you just want to warm up on those cold summer days make sure to stop at Boji Tan!

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About Spirit Lake

Bobs in Arnolds Park

Bobs in Anrolds Park is famous for the Bobs dog. This is a place the whole family will enjoy. You will be able to enjoy an old fashion maid rite, hot dog, and don't forget the amazing shakes! Located right in the heart of all the action in Arnolds Park you will be able to park the boat and walk up to Bobs. Eat on the patio over looking West Lake or take your meal to go and enjoy it on the boat!

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About Arnolds Park

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2220 LEMON ST LEMON ST, Sioux City,
IA 51106