2501 A St - Apartments FOR SALE


Lincoln, NE 68502- Near South
$1,100,000 USD
402-405-1087
2501 A St, Lincoln, NE for Sale
$1,100,000 USD
Apartments - FOR SALE
1/11
null | Request Cap Rate

2501 A St
Lincoln, NE 68502
Near South


HIGHLIGHTS

  • Two-building, 12-unit Multifamily investment opportunity
  • 100% occupancy
  • Positioned on the A Street corridor, near the Lincoln Children’s Zoo
  • Original hardwood floors, updated bathroom and kitchen appliances, onsite laundry, off-street covered parking
  • Potential for value-add through lease roll and optimization of operations

OVERVIEW

2501 and 2505 A St. is a renovated, smaller-scale multifamily asset perfect for an investor looking to manage the property themselves. It has experienced steady occupancy rates with quick leasing turnarounds due to the property’s appeal to a broad tenant base. The property provides investors with stable in-place income while also offering meaningful upside through future rent growth and operational efficiencies. With 12 units, the asset presents an attractive value-add opportunity for an owner-operator looking to improve performance through hands-on management and disciplined expense control. Self-management could be an effective way to reduce operating costs, increase net income, and create additional value over time, all while maintaining a manageable day-to-day workload due to the property’s smaller scale. 2501 and 2505 A St. is perfect for renters seeking a property with character in a neighborhood setting, while also having quick access to downtown and South Lincoln. This asset offers investors the chance to own a property in a central infill location where tenant demand is supported by access, convenience, and surrounding housing stock.

FOR SALE DETAILS

PRICE

$1,100,000 USD

PRICE/SF

$218 USD /SF

# OF UNITS

12

PRICE/UNIT

$91,667

CAP RATE

Request Cap Rate

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

2501 & 2505 A STREET

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1964

PARKING SPACES

6

LAND DETAILS

LAND ACRES

0.17 AC

LAND SF

7,549 SF

ZONING

R5

APN/PARCEL ID

10-36-204-005-000,10-36-204-006-000,10-36-237-023-000

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.