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.


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'

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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


Photograph of Listing Agent

Kevin Burklund

Woods Bros Realty MRCIE Member
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