1940 S Cotner Blvd
- Four-building, 17-unit Multifamily investment opportunity
- Four 3 bedroom/1 bathroom units
- Eight 2 bedroom/1 bathroom units
- Five 1 bedroom/1 bathroom units
- 94% occupancy
- Positioned in the 48th Street corridor, near Bryan Medical Center East Campus
- Original hardwood floors, updated bathroom and kitchen appliances, onsite laundry, large off-street parking area
- Potential for value-add through lease roll and optimization of operations
Property Description
1940 S Cotner Blvd. presents investors with the opportunity to acquire a well-located, neighborhood-scale apartment and townhome portfolio located in the established 48th Street corridor. With steady leasing velocity and high lease renewal rates, 1940 S Cotner has attractive, straightforward operations in a stable Southeast Lincoln location. The property provides investors with in-place cash flow while also offering a clear path to future upside through rental growth and operating efficiencies. With 17 units, the asset presents a manageable value-add opportunity for a hands-on owner seeking to enhance revenue and optimize expenses over time. In particular, self-management could provide a meaningful opportunity. This property appeals to tenants due to its ample green space, off-street parking, and functional housing in a quiet residential setting. 1940 S Cotner also attracts a broad tenant base due to its unit mix, creating durable tenant appeal and livability for small families, as well as individuals looking for a one-bedroom in a great location.
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | Apartment Buildings |
| Price: | $2,200,000 |
| No. of Units: | 17 |
| Year Built: | 1950 |
| Lot Size: | 1.11 Acres |
| Opportunity Zone: | No |
| Price per unit: | $129,412 |
| Property Website | Click Here |
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