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Riverview Apartments

107 Units | Built 1969

Sioux City, Iowa

The Opportunity

Berkadia Real Estate Advisors is pleased to present the exclusive opportunity to acquire Riverview Apartments, a well-located, value-add apartment community in Sioux City, Iowa. Riverview Apartments offers a buyer the opportunity to acquire an asset with great physical structure, and major upside potential, in a neighborhood proximate to key economic drivers such as: a large shopping mall, multiple colleges, restaurants, and big box retailers. The asset is conveniently tucked away in a quiet neighborhood, while simultaneously offering excellent visibility from a major highway.

Current ownership has positioned the asset in such a way that allows a buyer to come in and focus on unit interior upgrades. Having addressed heavy cap ex items such as roofs, exteriors, and plumbing, allows the next buyer to focus on revenue-generating expenses upon purchase.

Investment Highlights

  • Ability to Streamline Operational Efficiency
  • Conveniently Located Just Minutes from Major Employers, Colleges, Shopping, and Restaurants
  • Stabilized Double Digit Cash-on-Cash Returns
  • Recent Capital Improvements including Roof Replacements in Past Two Years
  • Unit Mix with 93% 2- and 3-Bedroom Units
  • Excellent Visibility from Major Highway

THE PROPERTY

UNIT Amenities

  • High Speed Internet Access
  • Hardwood-Style Flooring*
  • Heating
  • Smoke Free
  • Cable Ready
  • Linen Closet
  • Tub/Shower
  • Eat-In Kitchen
  • Balcony

 

  • *In select Units

COMMUNITY Amenities

  • Laundry Facilities
  • Playground
  • Basketball Court
  • On Site Maintenance and Management
  • Adjacent to Public Golf Course

THE LOCATION

ECONOMIC SNAPSHOT

DOCUMENT CENTER

CONTACT US

Investment Advisors

PARKER STEWART

Director

parker.stewart@berkadia.com

312.845.3094

DOMINIC MARTINEZ

Associate Director

dominic.martinez@berkadia.com

816.759.0368

MICHAEL SULLIVAN

Senior Director

michael.sullivan@berkadia.com

816.759.0369

ALEX BLAGOJEVICH

Senior Managing Director

alex.blagojevich@berkadia.com

312.845.3088

KANSAS CITY OFFICE

2600 Grand Boulevard, Suite 410

Kansas City, MO 64108

Phone: 816.531.2884

Berkadia.com

Berkadia®, a joint venture of Berkshire Hathaway and Jefferies Financial Group, is an industry leading commercial real estate company providing comprehensive capital solutions and investment sales advisory and research services for multifamily and commercial properties. Berkadia® is amongst the largest, highest rated and most respected primary, master and special servicers in the industry.   This advertisement is not intended to solicit commercial mortgage loan brokerage business in Nevada. 

©2019 Berkadia Real Estate Advisors LLC and Berkadia Real Estate Advisors Inc. Berkadia® and Berkadia Commercial Mortgage® are trademarks of Berkadia Commercial Mortgage LLC. Investment sales and real estate brokerage businesses are conducted exclusively by Berkadia Real Estate Advisors LLC and Berkadia Real Estate Advisors Inc. Commercial mortgage loan origination and servicing businesses are conducted exclusively by Berkadia Commercial Mortgage LLC and Berkadia Commercial Mortgage Inc. For state licensing details for the above entities, visit: www.berkadia.com/legal/licensing.aspx