340 E 14th St - Apartments FOR SALE


Alliance, NE 69301 | 
$419,000 USD
308-672-6334
340 E 14th St, Alliance, NE for Sale
$419,000 USD
Apartments - FOR SALE
1/9
null | Request Cap Rate

340 E 14th St
Alliance, NE 69301


HIGHLIGHTS

  • Eight-unit multifamily property with a mix of one- and two-bedroom apartments.
  • Tenants pay their own electric utilities, supporting operating efficiency.
  • Recent improvements include roof, hot water heater, and appliance upgrades.
  • Individual mini-split cooling systems are installed throughout the property.
  • On-site laundry facility provides an additional income source.
  • Located near schools, healthcare services, employers, and downtown Alliance.

OVERVIEW

Hillcrest Apartments presents an exceptional opportunity to acquire a professionally maintained 8-unit multifamily investment property in the growing regional community of Alliance, Nebraska. Offering a desirable unit mix of six 2-bedroom, 1-bath apartments and two 1-bedroom, 1-bath apartments, this income-producing asset combines stable in-place cash flow with meaningful upside through future rental growth. Positioned in an established residential neighborhood near schools, parks, healthcare, and major employers, Hillcrest Apartments has consistently attracted long-term tenants and has benefited from Alliance's steady demand for affordable housing. With numerous recent capital improvements already completed, investors can focus on maximizing returns rather than deferred maintenance. Whether expanding an existing portfolio or completing a 1031 exchange, Hillcrest Apartments represents an attractive opportunity to acquire a well-maintained multifamily asset with proven performance and long-term appreciation potential.

FOR SALE DETAILS

PRICE

$419,000 USD

PRICE/SF

$65 USD /SF

# OF UNITS

8

PRICE/UNIT

$52,375

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Hillcrest Multi-Family Investment

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1977

PARKING SPACES

6

LAND DETAILS

LAND ACRES

0.31 AC

LAND SF

13,661 SF

ZONING

Z-04

APN/PARCEL ID

070026416

ASK ABOUT THIS PROPERTY

Jeff Garrett#1 Properties Ranch & RecreationMore Info
308-672-6334

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Jeff Garrett#1 Properties Ranch & RecreationMore Info
308-672-6334

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