18 Plex

Multi-Family for Sale
Catylist Listing ID: 30645106
Number of Units: 18 Units
Building Size (RSF): 655 SF
Gross Building Area: 16,969 SF
Gross Land Area: 14,325 SF
Sale Price: $1,080,000
Unit Price: $60,000 Per Unit
In Opportunity Zone? Yes
Property Use Type: Investment
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 8/28/2020

Overview / Comments

Really nice, solid brick 18 plex with plenty of off street parking. Large 1 bedroom/1 bath units (655 SF). Secured entrances. Newer roof and siding (2017) and all newer windows (2014). On site laundry facilities. A very nice property that has experienced little, to no vacancy. Owner would prefer selling with 1149 E St.

Attachments & Media

Financials

Finance Data Year 2019
Real Estate Taxes - Annual($) $9,090 (Annual)
Tax Value Land $108,000
Tax Value Improvements $367,700
Assessed Value - Total($) $475,700 (Annual)
Gross Operating Income $101,400 (Annual)
Net Operating Income $69,845 (Annual)
Actual or Proforma Year Actual

Additional Details

Nearest MSA: Lincoln
County: Lancaster
Tax ID/APN: 1026410012000
Zoning: R-7
Percent Occupied: 100%
Property Located Between: NWC of S 12th & E St
Highway Access: US Hwy 34
Airports: Lincoln Municipal Airport
Total Number of Buildings: 1
Property Condition: Good
Number of Stories: 3
Year Built: 1975
Roof Type: Arched
Construction/Siding: Vinyl Siding
Parking Type: Other
Total Parking Spaces: 20
Laundry: Shared
Sprinklers: None
Heat Type: Electricity
Heat Source: Central
Fuel: Electric
Air Conditioning: Package Unit
Internet Access: Other
Lot Frontage: 100
Lot Depth: 142
Water Service: Municipal
Sewer Type: Municipal
Easements: Other
Legal Description: Lincoln Original Block 178 Lot 11-12

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 20,747 118,838 249,033
Median Age: 29.99 31.4 34.3
Households: 10,050 47,275 99,928

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