3038 & 3040 Walnut Court (2 Buildings, 7 units total)

Multi-Family for Sale
Catylist Listing ID: 30209985
Property Subtypes: Duplex/Fourplex
Number of Units: 7 Units
Building Size (RSF): 4,487 SF
Gross Building Area: See Agent
Gross Land Area: 10,200 SF
Sale Price: $168,000
Unit Price: $24,000 Per Unit
Property Use Type: Investment
Sale Terms: Cash to Seller
Last Updated: 2/12/2018

Overview / Comments

Cash flowing 7-plex investment property (two buildings on separate lots) in mid-town Lincoln. Currently fully rented with history of low vacancies. Rents are low overall. First floor 2-bedroom unit in 3038 Building is drastically under-rented due to long term tenant. Some units are in good condition as others will need some repairs. TO BE SOLD AS-IS, Seller will make no repairs or CoC requirements.

3038 has 1999 sq. ft., 3 unit building. 3040 has 2488 sq. ft, 4 unit building

Seller prefers to sell as a group but would consider selling separately.

Additional Details

Nearest MSA: Lincoln
County: Lancaster
Tax ID/APN: 17-19-336-007-000 & 17-19-336-008-000
Zoning: R-4
Percent Occupied: 100%
Total Number of Buildings: 2
Number of Stories: 2
Year Built: 1900
Construction/Siding: Wood Frame
Parking Type: Surface
Parking Description: Alley Access
Total Parking Spaces: 7
Heat Type: Natural Gas
Heat Source: Central
Air Conditioning: Window Unit
Lot Frontage: 39.99
Lot Depth: 125
Water Service: Municipal
Sewer Type: Municipal
Legal Description: WALNUT PARK ADDITION, BLOCK 2, Lot 7 (3040 Walnut) WALNUT PARK ADDITION, BLOCK 2, Lot 8 (3038 Walnut)

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 24,647 134,836 229,981
Median Age: 30.33 33 34.34
Households: 10,667 55,974 93,404

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