Downtown Campus Tri-Plex

Multi-Family for Sale
Sale Pending
Downtown Campus Tri-Plex
Catylist Listing ID: 30502137
Property Subtypes: Duplex/Fourplex, Other
Status: Pending
Number of Units: 3 Units
Building Size (RSF): 2,844 SF
Gross Land Area: 7,100 SF
Sale Price: $149,950
Unit Price: $49,983.33 Per Unit
In Opportunity Zone? Yes
Property Use Type: Investment
Sale Terms: Undisclosed, Cash to Seller
Cap Rate: Undisclosed
Last Updated: 9/19/2019

Overview / Comments

Two buildings on one site. each on 1/2 lot. One is a converted duplex, the other a single-family home. The one-bedroom apartment will be vacant within 90 days. The buildings must be sold together. They are offered subject to the sale being approved by the court. The properties are well updated and maintained, ready to rent.

Financials

Finance Data Year 2019
Real Estate Taxes - Annual($) $2,763 (Annual)
Potential Rental Income $24,240 (Annual)
Gross Operating Income $15,800 (Annual)
Net Operating Income $21,801 (Annual)
Actual or Proforma Year Proforma

Additional Details

Nearest MSA: Lincoln
County: Lancaster
Tax ID/APN: 1024321001000
Zoning: B4
Percent Occupied: 100%
Property Located Between: P & Q Streets
Highway Access: 34 2 Blocks
Airports: Lincoln Municipal Airport
Site Description: Level, Arterial
Area Description: Mixed
Total Number of Buildings: 2
Property Condition: Fair
Number of Stories: 2
Year Built: 1900
Roof Type: Hip
Construction/Siding: Wood Frame
Exterior Description: Frame, some brick
Parking Type: Structure, Surface
Parking Description: Surface & Garage (3 stalls)
Total Parking Spaces: 5
Laundry: In Each Unit
Sprinklers: None
Heat Type: Natural Gas
Heat Source: Central
Air Conditioning: Other
Internet Access: Cable
Zoning Description: B4
Lot Frontage: 50
Lot Depth: 142
Water Service: Municipal
Sewer Type: Municipal
Easements: Electric Lines, Utilities

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 31,081 126,745 233,167
Median Age: 26.71 31.32 34.16
Households: 11,374 51,457 94,402

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