16 Apartments With Amazing Character (Downtown)!

Multi-Family for Sale
Call for Offers
Catylist Listing ID: 30662940
Property Subtypes: Mid-Rise
Number of Units: 16 Units
Building Size (RSF): 17,067 SF
Gross Building Area: See Agent
Gross Land Area: 14,200 SF
Sale Price: $10,000,000
Unit Price: $625,000 Per Unit
In Opportunity Zone? Yes
Property Use Type: Investment
Sale Terms: Undisclosed
Call for Offers: Yes
Cap Rate: Undisclosed
Average Occupancy Rate: 95
Last Updated: 11/2/2020

Overview / Comments

627 South 11th is a 16 Unit (+1 Non Rented Unit) Professionally Managed Apartment Building located directly across the street from the City/County Building and Police Headquarters. This property is listed in conjunction with 1020/1028 H Street (Next Door). The price is unlisted. This property is the closest multi-family development in the Near South neighborhood to Downtown Lincoln. The Attached "Marketing Materials" are a complete guide to the property. Rent Roll and Financials are available with a fully executed confidentiality agreement. See the OM in "Documents" for more details.

Attachments & Media


Finance Data Year 2020
Real Estate Taxes - Annual($) $13,476 (Annual)

Additional Details

Nearest MSA: Lincoln
County: Lancaster
Taxing Authority: Lincoln, Lancaster County, Nebraska
Tax ID/APN: 10-26-232-011-000
Percent Occupied: 100%
Property Located Between: Lincoln Mall and 11th Street
Highway Access: Interstate 180 is less than one mile away
Airports: Lincoln Airport
Area Description: The County Courthouse is one block west. The State Capitol is 4 blocks east. Lincoln's premier office tenants are one block North on Lincoln Mall. Cultiva coffee and DaVinci's pizza is one block South on 11th street.
Total Number of Buildings: 1
Property Condition: Good
Number of Stories: 3
Year Built: 1889
Year Renovated: 1982
Construction/Siding: Wood Siding
Exterior Description: Beautfiul courtyard with mature trees and an amazing Victorian style. A lot of 1800's character inside/outside the building!
Parking Type: Surface
Parking Description: Ample Street parking. Limited lot parking.
Total Parking Spaces: 4
Laundry: Shared
Heat Type: Natural Gas
Heat Source: Central
Fuel: Electric
Internet Access: Cable, Fiber Optic
Interior Description: See Packet and Videos
Zoning Description: R-8
Water Service: Municipal
Sewer Type: Municipal
Legal Description: Lincoln Original, Block 128, Lot 11-12

View FullscreenMap

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 27,758 116,706 237,847
Median Age: 27.48 31.23 34.32
Households: 10,247 46,399 95,950
© Copyright 2001-2020 Catylist. All Rights Reserved. The information presented herein is provided as is, without warranty of any kind. Neither Midlands Regional CIE nor Catylist Real Estate Software, Inc. assume any liability for errors or omissions.