1624 Garfield St - Apartments FOR SALE


Lincoln, NE 68502- Near South
$796,316 USD
402-639-6278
1624 Garfield St, Lincoln, NE for Sale
$796,316 USD
Apartments - FOR SALE
1/5
null | 6.8% Cap Rate

1624 Garfield St
Lincoln, NE 68502
Near South


HIGHLIGHTS

  • Strong Value Add Potential Through Light Renovation of Interior Units
  • Established, Stable Area
  • Proven Market Rents in Place for Updated Units

OVERVIEW

This built for purpose Eight Unit Low Rise Apartment Building features all 2 bed, 1 bath units and private lot parking with a 1:1 ratio. Strong value add component for light unit renovation and activation of the currently unused laundry room.

FOR SALE DETAILS

PRICE

$796,316 USD

PRICE/SF

$238 USD /SF

# OF UNITS

8

PRICE/UNIT

$99,540

CAP RATE

6.8%

% LEASED

88%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1984

PARKING SPACES

8

LAND DETAILS

LAND ACRES

0.22 AC

LAND SF

9,588 SF

ZONING

R6/RC

APN/PARCEL ID

10-36-108-017-000

ASK ABOUT THIS PROPERTY

Stephen SykesCascade Real Estate GroupMore Info
402-639-6278

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Stephen SykesCascade Real Estate GroupMore Info
402-639-6278

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.