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Key Details
Sold Price $696,000
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Subdivision Mf Central Lincoln
MLS Listing ID 22415826
Sold Date 08/14/24
Construction Status Not New and NOT a Model
HOA Y/N No
Year Built 1969
Annual Tax Amount $9,895
Tax Year 2023
Lot Dimensions 95 x 133
Property Description
This purpose-built 9-unit apartment complex in South Lincoln is a prime investment opportunity, offering a mix of updated 1-bedroom and 2-bedroom apartments. The complex is fully occupied, generating a rental income of $6,710 per month. With high revenue and low expenses, this property promises excellent instant returns. The units have been thoughtfully updated to meet modern standards, ensuring tenant satisfaction and low vacancy rates. Located in a desirable area, this complex attracts reliable tenants and offers stability for investors. For detailed financial information, please contact the listing agent.
Location
State NE
County Lancaster
Area Lancaster
Interior
Heating Forced Air
Cooling Central Air
Heat Source Gas
Exterior
Garage None
Fence None
Building
Lot Description Over 1/4 up to 1/2 Acre
Foundation Concrete Block
Lot Size Range Over 1/4 up to 1/2 Acre
Sewer Public Sewer, Public Water
Water Public Sewer, Public Water
Construction Status Not New and NOT a Model
Schools
Elementary Schools Saratoga
Middle Schools Irving
High Schools Lincoln High
School District Lincoln
Others
Tax ID 10-35-436-001-000
Ownership Fee Simple
Acceptable Financing Conventional
Listing Terms Conventional
Financing Conventional
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Bought with Nebraska Realty
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