The Bluebird Flats

520 Nebraska Street Sioux City, IA 51101 71 Units
The Bluebird Flats

Investment Highlights

  • Nationally-Registered Historic Building in the Heart of Downtown Sioux City
  • 2019 Complete Renovation – All Systems and Finishes
  • Additional Rental Upside with Commercial Lease Up
  • Strong, Immediate Returns
  • Diverse Unit Mix with Large Floorplans
  • Great Tax Benefits Set Through 2031
  • Next Door to the Sioux Land Hospital
  • Walkable to Everything

Property Description

THE MOGHAREBI GROUP is pleased to present the unique opportunity to acquire Bluebird Flats, a premier 71-unit multifamily community located in the heart of Downtown Sioux City, Iowa. Originally constructed in 1911 as the Motor Mart Building, this historic and beautifully renovated property combines timeless elegance with modern amenities. Bluebird Flats offers a wide range of studio, one-, and two-bedroom floorplans with modern finishes including quartz countertops, in-unit washer / dryers, and stainless-steel appliances, which accompany the restoration of original building features. Bluebird Flats is a rare, pride-of-ownership asset located in the heart of a growing tertiary market. Site Selection Magazine recently named the Sioux City MSA as first in the nation for economic development for populations under 200,000 for the third year in a row.

520 Nebraska Street
Sioux City, IA 51101
Bluebird Flats is well located in the heart of booming Downtown Sioux City and residents can enjoy the rooftop terrace with scenic views as well as convenient access to the numerous arts and entertainment venues, restaurants, and shops just steps away. The property also enjoys easy access to Interstate 29, which connects residents to the education, recreation, and employment centers found throughout Sioux City and the entire tri-state region.

Listing Advisors

Scott Koethe

Senior Vice President

(323) 250-4633

CA Lic. #02105293

Erin Rooney