1648 N 56th - Apartments FOR SALE


Lincoln, NE 68504- University Place
$1,782,000 USD
402-394-7300
1648 N 56th, Lincoln, NE for Sale
$1,782,000 USD
Apartments - FOR SALE
1/1
null | Request Cap Rate

1648 N 56th
Lincoln, NE 68504
University Place


HIGHLIGHTS

  • Prime Location: 3 Minutes from Nebraska Wesleyan, 4 Minutes from UNL East Campus, Vasa Fitness, Target, Hy-Vee, Chick-fil-A, Raising Cane’s, and more.
  • New Roof: Brand-new warrantied EPDM roof installed in 2024.
  • Desirable Unit Mix: 18 units (6 one-beds, 12 two-beds) with 83% fully remodeled and light value-add upside on remaining units.

OVERVIEW

Meadowlark Apartments are situated just off 56th & Holdrege Street down the street from UNL's East Campus. 89% of units are 800+ SF with 83% remodeled.

FOR SALE DETAILS

PRICE

$1,782,000 USD

PRICE/SF

$112 USD /SF

# OF UNITS

18

PRICE/UNIT

$99,000

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Cheever Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1974

PARKING SPACES

20

LAND DETAILS

LAND ACRES

0.4 AC

LAND SF

17,398 SF

ZONING

R6

APN/PARCEL ID

17-16-320-001-000

ASK ABOUT THIS PROPERTY

Colten AdamsOak Investment Real EstateMore Info
402-394-7300

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Colten AdamsOak Investment Real EstateMore Info
402-394-7300

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