Art-Deco 5 Plex

Multi-Family for Sale
Catylist Listing ID: 30718974
Property Subtypes: Low-Rise/Garden
Number of Units: 5 Units
Building Size (RSF): 9,888 SF
Gross Building Area: See Agent
Gross Land Area: 0.25 Acres
Sale Price: $553,000
Unit Price: $110,600 Per Unit
Property Use Type: Investment
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 4/19/2021

Overview / Comments

This Art Deco 5-plex known as Garden Square Condos is an investor’s dream. Such a cool building with hardwood floors, curved archways, original tile, and very spacious units. It was exceptionally built in 1929 in the beloved Near South Neighborhood, conveniently located near UNL, downtown, bike routes, and public transportation. There are 5 fully rented units consisting of; 4x 3 bedroom, 1.75 bath condos and 1x 2 bedroom, 1 bath condo, 4 garages, off street parking, storage and coin op laundry. Presently fully rented as apartments but could be sold off individually as condos, if the future owner desires. Gross monthly rental income potential of $ 5,090 or more. Call today for a showing.

Additional Details

Nearest MSA: Lincoln
County: Lancaster
Taxing Authority: 4861.02
Tax ID/APN: 1036138013000
Percent Occupied: 100%
Property Located Between: 20th & 19th St
Total Number of Buildings: 1
Property Condition: Good
Number of Stories: 3
Year Built: 1929
Roof Type: Flat
Construction/Siding: Stone
Parking Type: Surface
Total Parking Spaces: 8
Laundry: Shared
Heat Type: Natural Gas
Heat Source: Central
Fuel: Gas
Air Conditioning: Window Unit, Other
Water Service: Municipal
Sewer Type: Municipal
Legal Description: Garfield Square Condominium, Units 1-5 & Base account located on Rathbones Prescott ADD E30.74' N78' & N9.5' E30.9' S57.3' Lot2 & All Lot3 & N32' W5.1' S 14' Lot4 (AKA Garfield Square Condo)

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 26,991 128,794 244,002
Median Age: 32.3 31.72 34.45
Households: 12,626 52,037 98,072


Photograph of Listing Agent

Tafe Sup Bergo

Woods Bros Realty MRCIE Member
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