6-plex For Sale

Multi-Family for Sale
Catylist Listing ID: 30537507
Property Subtypes: Mid-Rise
Number of Units: 6 Units
Building Size (RSF): 2,950 SF
Gross Building Area: 5,160 SF
Gross Land Area: 4,888 SF
Sale Price: $158,500
Unit Price: $26,416.67 Per Unit
Property Use Type: Investment
Usable Size (USF): 2,950 SF
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 12/2/2019

Overview / Comments

This 6-plex located near Lincoln High School has 4 studio apartments and two 1-bedroom apartments. Two units currently rented,two units remodeled and ready to rent,and 2 units that still need remodeled.Owner has done tons of work on this property over the past year, including 2 new furnaces, multitudes of plumbing and electrical repairs throughout, landscaping to improve water drainage away from the foundation, and much much more. The two units on the back still need to be remodeled, but the owner would like to move on to a different property. Recently passed a COC inspection with no repairs on the front 4 units. This opportunity is being offered in as-is condition with no additional repairs to be done by the owner.

Financials

Finance Data Year 2019
Real Estate Taxes - Annual($) $1,861 (Annual)

Additional Details

Nearest MSA: Lincoln
County: Lancaster
Taxing Authority: Lancaster County Assessor
Tax ID/APN: 10-25-408-005-000
Zoning: B3 - COMMERCIAL IMPROVED
Percent Occupied: 33%
Property Located Between: Corner of S 21st St. and F St.
Site Description: Corner lot, 2 curb cuts but only one off-street parking space.
Total Number of Buildings: 1
Property Condition: Average
Number of Stories: 2
Year Built: 1890
Roof Type: Hip
Construction/Siding: Vinyl Siding
Parking Type: Surface
Parking Description: 1 off-street parking spot, street parking
Total Parking Spaces: 1
Sprinklers: None
Heat Type: Natural Gas
Heat Source: Central
Fuel: Gas
Air Conditioning: Window Unit
Lot Frontage: 52
Lot Depth: 94
Water Service: Municipal
Sewer Type: Municipal
Easements: Utilities
Land Ownership: Fee Simple
Legal Description: S04' Lot 6, Block 4, Houtz (W G) Addition, LLCN

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 28,462 133,629 245,877
Median Age: 29.1 32.66 34.4
Households: 12,159 54,490 98,899
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