51 Properties Investment Properties

Multi-Family for Sale
Catylist Listing ID: 30730517
Number of Units: 61 Units
Building Size (RSF): 69,600 SF
Gross Building Area: See Agent
Sale Price: $8,925,000
Unit Price: $146,311.48 Per Unit
In Opportunity Zone? Yes
Property Use Type: Investment
Sale Terms: Undisclosed
Cap Rate: Undisclosed
Last Updated: 6/11/2021

Overview / Comments

Pinnacle Commercial Group is pleased to present this excellent opportunity to acquire a stabilized residential portfolio consisting of 51 properties and 61 units across Lincoln, NE.​ This is a 100% occupied portfolio consisting of 43 single family income properties and 9 duplexes.​ The owner can enjoy upside through multiple channels with equity appreciation, rental increases and redevelopment opportunities.​

The portfolio of properties lie within different submarkets of Lincoln but remain close to the University of Nebraska, Downtown, retail and employment centers.​ There are redevelopment examples to further show upside and potential in this investment.​

Lincoln as an investment market offers tremendous benefits to owners who are looking for stability and growth.​ With a flagship Big Ten university and the State Capitol there will always be a consistent economy.​ The rentals can cater to multiple leasing demos including student population and young professionals.​ There is a tremendous opportunity to take advantage of stepping into a proven portfolio in a strong market.​

Additional Details

Nearest MSA: Lincoln
County: Lancaster
Tax ID/APN: 1023203001000
Number of Stories: 1
Total Parking Spaces: 1

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 16,711 109,927 221,431
Median Age: 24.26 30.13 33.63
Households: 4,081 43,490 89,717

Contact

Photograph of Listing Agent

Zach Schreiber

kwElite MRCIE Member
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