Springfield 14 unit town home

Multi-Family for Sale
Catylist Listing ID: 30346597
Property Subtypes: Low-Rise/Garden
Number of Units: 14 Units
Building Size (RSF): 12,750 SF
Gross Building Area: See Agent
Gross Land Area: 84,875 SF
Sale Price: $1,300,000
Unit Price: $92,857.14 Per Unit
Property Use Type: Investment
Sale Terms: Cash to Seller
Cap Rate: 8.7%
Average Occupancy Rate: 100
Last Updated: 11/2/2018

Overview / Comments

Newer and low maintenance income property. Just a click south of the new Facebook plant in Springfield, NE. This property has gone through recent updates that include roof, HVAC, flooring, windows, etc. It has always been in demand and currently has a waiting list for tenants. Price includes additional lot where new owner could potentially build 12-14 more units! Photos show a typical unit.

Attachments & Media

Financials

Finance Data Year 2018
Real Estate Taxes - Annual($) $18,099 (Annual)
Gross Operating Income $140,868 (Annual)
Actual or Proforma Year Actual
Finance Data Year 2017
Real Estate Taxes - Annual($) $15,988 (Annual)
Gross Operating Income $131,386 (Annual)
Actual or Proforma Year Actual

Additional Details

Nearest MSA: Omaha-Council Bluffs
County: Sarpy
Taxing Authority: Sarpy County
Tax ID/APN: 011222360
Percent Occupied: 100%
Community Amenities: Play Ground
Total Number of Buildings: 4
Property Condition: Excellent
Number of Stories: 1
Year Built: 1998
Year Renovated: 2017
Construction/Siding: Vinyl Siding
Parking Ratio: 1 (per 1000 SF)
Parking Type: Surface, Underground
Parking Description: most units have 1.5 garage, end units have 2-car. Surface parking also available.
Total Parking Spaces: 28
Laundry: In Each Unit
Heat Type: Natural Gas
Heat Source: Central
Fuel: Gas
Air Conditioning: Package Unit
Internet Access: Cable
Interior Description: see photos
Lot Frontage: 339.5
Lot Depth: 250
Water Service: Municipal
Sewer Type: Municipal
Legal Description: LOT 1 CEDAR APARTMENTS ADDITION & VAC ST (2.19 AC)

View FullscreenMap

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 1,665 2,476 16,960
Median Age: 37.42 38.95 36.87
Households: 616 883 5,898

Contact

© Copyright 2001-2018 Catylist. All Rights Reserved. The information presented herein is provided as is, without warranty of any kind. Neither Midlands Regional CIE nor Catylist Real Estate Software, Inc. assume any liability for errors or omissions.