Investment Triplex Opportunity

Multi-Family for Sale
Catylist Listing ID: 30762071
Property Subtypes: Duplex/Fourplex, Low-Rise/Garden
Number of Units: 3 Units
Building Size (RSF): 3,058 SF
Gross Land Area: 12,320 SF
Sale Price: $155,000
Unit Price: $51,666.67 Per Unit
Property Use Type: Investment
Building Name: Del-Mar Apartments
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Average Occupancy Rate: 100
Last Updated: 10/27/2021

Overview / Comments

Solid home with a strong history of occupancy. Very well maintained property with additional income sources through coin operated laundry and detached garage/storage income.

Financials

Finance Data Year 2021
Real Estate Taxes - Annual($) $941.28 (Annual)
Finance Data Year 2020
Real Estate Taxes - Annual($) $919 (Annual)
Tax Value Land $3,785
Tax Value Improvements $53,435
Tax Value Personal Property $0
Assessed Value - Total($) $57,220 (Annual)
Potential Rental Income $23,800 (Annual)
Net Operating Income $13,081 (Annual)
Actual or Proforma Year Actual
Lender Name none

Additional Details

Nearest MSA: Lincoln
County: Fillmore
Submarket Type: Other
Taxing Authority: City of Fairmont
Tax ID/APN: 300005103
Zoning: COMMERCIAL
Property Located Between: Lincoln & Grand Island
Highway Access: US Highway 81 US Highway 6
Site Description: Large corner lot. Solid home renovated into triplex.
Area Description: Located in Fairmont NE. Sitting between York and Geneva. Workforce opportunity within short distances to Fairmont.
Total Number of Buildings: 2
Property Condition: Good
Number of Stories: 2
Construction/Siding: Other
Parking Type: Surface
Parking Description: Parking spaces available on north side of property.
Total Parking Spaces: 4
Laundry: Laundromat Nearby
Sprinklers: None
Heat Type: Natural Gas
Heat Source: Central
Fuel: Gas
Air Conditioning: Package Unit
Interior Description: Classic Character to the date of the home updated for modern living.
Zoning Description: Commercial
Lot Frontage: 88
Lot Depth: 140
Water Service: Municipal
Sewer Type: Municipal
Easements: Utilities
Legal Description: Original Town Lots 668-669 Fairmont NE

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Demographic Statistics

Proximity: 5 miles
Total Population: 1,310
Median Age: 47.57
Households: 549
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