920 S. 22nd St.

Multi-Family for Sale
Sale Pending
Catylist Listing ID: 30719394
Property Subtypes: Low-Rise/Garden
Status: Pending
Number of Units: 9 Units
Building Size (RSF): 849 SF
Gross Building Area: 7,644 SF
Gross Land Area: 7,865 - 7,866 SF
Sale Price: $750,000
Unit Price: $83,333.33 Per Unit
Property Use Type: Investment
Sale Terms: Cash to Seller
Last Updated: 4/19/2021

Overview / Comments

Updated and very well maintained 9 plex with eight 2 BR, 1 BA units (849 s.f.) and one 1 BR, 1 BA unit (719 s.f.). Bus stop 1.5 blocks away. New bathrooms in most, new kitchens in some. 8 units have newer electric furnaces and A/C units. Roof replaced September 2014. 2 units vacant right now for showing. Owner has kept rents low as he prefers quality tenants with higher credit scores and better references. Rents could easily be $750 or more. Cap rate just over 5% with current rents. Maintenance costs inflated due to updating expenses. Opportunity knocks for a savvy investor.

Financials

Finance Data Year 2020
Real Estate Taxes - Annual($) $6,804 (Annual)
Tax Value Land $63,000
Tax Value Improvements $416,900
Assessed Value - Total($) $479,900 (Annual)
Potential Rental Income $69,780 (Annual)
Actual or Proforma Year Actual

Additional Details

Nearest MSA: Lincoln
County: Lancaster
Taxing Authority: Lancaster County
Tax ID/APN: 1025411004000
Zoning: R-6
Percent Occupied: 78%
Highway Access: Hwy 34 (O Street)
Total Number of Buildings: 1
Property Condition: Good
Number of Stories: 3
Year Built: 1977
Roof Type: Hip
Construction/Siding: Brick
Exterior Description: Mostly brick with wood siding accents
Parking Type: Surface
Parking Description: Paved
Total Parking Spaces: 9
Laundry: Shared
Sprinklers: None
Heat Type: Electricity
Heat Source: Central
Fuel: Electric
Air Conditioning: Other
Interior Description: Central Air for each unit
Lot Frontage: 43
Lot Depth: 182
Water Service: Municipal
Sewer Type: Municipal
Easements: Utilities
Land Ownership: Fee Simple
Legal Description: HOUTZ PLACE, BLOCK 5, Lot 11, & LOT 12 S7.5'

View FullscreenMap

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 25,622 133,456 245,877
Median Age: 30.46 32.58 34.4
Households: 12,222 54,202 98,899

Contact

Photograph of Listing Agent

Kevin Burklund

Woods Bros Realty MRCIE Member
© Copyright 2001-2020 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.