1940 S Cotner Blvd - Apartments FOR SALE


Lincoln, NE 68506- South Lincoln
$2,200,000 USD
402-405-1087
1940 S Cotner Blvd, Lincoln, NE for Sale
$2,200,000 USD
Apartments - FOR SALE
1/10
null | Request Cap Rate

1940 S Cotner Blvd
Lincoln, NE 68506
South Lincoln


HIGHLIGHTS

  • Four-building, 17-unit Multifamily investment opportunity
  • 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

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$2,200,000 USD

PRICE/SF

$146 USD /SF

# OF UNITS

17

PRICE/UNIT

$129,412

CAP RATE

Request Cap Rate

% LEASED

94%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1950

PARKING SPACES

42

LAND DETAILS

LAND ACRES

1.11 AC

LAND SF

48,550 SF

ZONING

R2

APN/PARCEL ID

17-32-118-022-000

ASK ABOUT THIS PROPERTY

Drew WestLee & Associates | OmahaMore Info
402-405-1087

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Drew WestLee & Associates | OmahaMore Info
402-405-1087

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