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

Financials

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

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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
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