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Key Details
Sold Price $525,000
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Subdivision Original Lincoln
MLS Listing ID 22511735
Sold Date 07/09/25
Bedrooms 6
Full Baths 6
Construction Status Not New and NOT a Model
HOA Y/N No
Year Built 1966
Annual Tax Amount $5,853
Tax Year 2024
Lot Dimensions 50x142
Property Sub-Type Multi-Family
Property Description
Turnkey 6-Plex Investment Opportunity – Strong Cash Flow & Recent Updates! This well-maintained 6-unit multifamily property features all 1-bedroom, 1-bathroom units with individual living spaces—ideal for attracting long-term tenants in today's rental market. With a current total monthly rent of $4,515 plus an additional $150–$200/month in laundry income, the property generates a strong annual income between $55,980 and $56,580. Units #2, #5, and #6 have been recently updated, offering a mix of modern finishes and consistent rental performance. Unit #5 has undergone an extensive remodel, making it a standout unit within the property. Unit #6 was upgraded with a new mini-split system installed on March 1, 2025, providing efficient heating and cooling. Allo Fiber internet has been run to the building and on-site laundry provides extra income and convenience for tenants. This property is a solid investment opportunity for both seasoned and new investors, with immediate cash flow.
Location
State NE
County Lancaster
Area Lancaster
Interior
Interior Features Laundry Facilities
Heating Other
Cooling Other
Appliance Range - Cooktop + Oven, Refrigerator
Heat Source Electric
Exterior
Parking Features None
Fence None
Building
Lot Description Up to 1/4 Acre.
Foundation Concrete Block
Lot Size Range Up to 1/4 Acre.
Sewer Public Sewer, Public Water
Water Public Sewer, Public Water
Construction Status Not New and NOT a Model
Schools
Elementary Schools Everett
Middle Schools Park
High Schools Lincoln High
School District Lincoln
Others
Tax ID 10-26-429-006-000
Ownership Fee Simple
Acceptable Financing Cash
Listing Terms Cash
Financing Cash
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Bought with Arrow Brokerage