421 Capitol Beach Boulevard
Property Description
13-unit value-add multifamily investment opportunity near Capitol Beach and downtown Lincoln. Unit mix consists of six 1-bedroom units, six 2-bedroom units, and one efficiency unit. Three vacant units provide immediate lease-up opportunity and upside potential. All units are all-electric with tenants responsible for electric service. Ownership pays water, sewer, and trash. Features include 22 off-street parking spaces, on-site laundry, storage units, slab-on-grade construction, and six zero-entry units. Majority month-to-month leases provide flexibility for repositioning rents to market levels. A landlord-managed Allo Internet program is in place and provides additional owner income. Offered at $1,295,000.
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | Apartment Buildings |
| Price: | $1,195,000 |
| No. of Units: | 13 |
| Year Built: | 1974 |
| Opportunity Zone: | No |
| Price per unit: | $91,923 |
| Property Website | Click Here |
| Number of Bedrooms: | 3 |
| Number of Bathrooms: | 3 |
ID: 3yd-GPRMNE-22615773
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