Contacts
Adam Haydon
Mox Gunderson
Dan Linnell
Devon Dvorak
Property Details
- Property Type Other
- Lot Size 12.98 Acre
- Additional Rent Contact for pricing
- Year Built 2021
- Date Updated Nov 20, 2024
Colliers is pleased to present District 42 Apartments & Townhomes for sale in Sioux City, IA. Completed in 2021, District 42 is a State of Iowa award-winning development project comprising of 217 apartment and townhome units. It offers residents top-tier community amenities such as a resident clubhouse, outdoor pool, dog park, and 24-hour fitness center. The units feature a full appliance package with built-in microwave and dishwasher, in-unit laundry, and private patio or balcony. The townhome units also include an attached garage parking with private entrance.
Located in Sioux City, Iowa, District 42 benefits from the city's status as an economic hub for over 200,000 residents. The area has continually demonstrated strong employment performance, with the MSA unemployment rate consistently ranking within the top 5% lowest in the country. The area's median household income is projected to increase by 13% over the next five years, promising continued rent growth for District 42.
District 42 is the beneficiary of a 10-year tax abatement program. The property is currently in Year 2 of the program in which the improved/dwelling value of the real estate has a percentage of the real estate value abated.
Offered for sale below today's replacement cost and attractive assumable HUD 223(f) note, Colliers is seeking qualified investors to purchase this asset with an anticipated closing date in Q4 2024.
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Getting around
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41/100
Walk Score ®
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22/100
Transit Score ®
-
21/100
Bike Score ®
Location
- City Sioux City, IA
- Zip Code 51106
Points of Interest
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Hy-Vee Gas
0.95 miles
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Casey's General Store
1.13 miles
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Kum & Go
1.49 miles
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Sam's Mini Mart
1.66 miles
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Murphy USA
2.02 miles
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Sam's Club
2.44 miles
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Pilot
2.49 miles
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Love's
2.78 miles
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Select Mart
3.31 miles
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ChargePoint
5.92 miles
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Courtyard Marriott Parking Ramp
4.52 miles
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United Parking
4.54 miles
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Heritage Parking
4.58 miles
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Discovery Parking
4.63 miles
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Martin Luther King Jr. Transportation Center
4.78 miles
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Hard Rock Parking Ramp
4.84 miles
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River's Landing Parking
4.86 miles
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Physician Center Parking
5.97 miles
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Hampton Inn & Suites Sioux City South
0.42 miles
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Sioux City Southeast
0.60 miles
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Holiday Inn Express & Suites
1.06 miles
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Candlewood Suites
1.16 miles
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Fairfield Inn
1.20 miles
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Comfort Inn
1.23 miles
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Quality Inn & Suites
1.26 miles
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Super 8 by Wyndham Sioux City/Morningside Area
2.10 miles
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New Victorian Inn & Suites Sioux City
2.21 miles
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Days Inn Sioux City
2.30 miles
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Target
0.35 miles
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Mills Fleet Farm
0.44 miles
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Ross: Dress For Less
0.61 miles
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ALDI
0.62 miles
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Kohl's
0.67 miles
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Hy-Vee
1.00 miles
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Fareway
1.19 miles
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Southern Hills Mall
1.22 miles
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JCPenney
1.35 miles
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Walmart Supercenter
2.13 miles
In-Depth Research Available for this Property
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