3704 I Ave - Apartments FOR SALE


Kearney, NE 68847
$989,000 USD
308-627-5830
3704 I Ave, Kearney, NE for Sale
$989,000 USD
Apartments - FOR SALE
1/6
null | Request Cap Rate

3704 I Ave
Kearney, NE 68847


HIGHLIGHTS

  • Five-unit multifamily property offering consistent two-bedroom, two-bathroom layouts.
  • Well-maintained structure delivering income stability and minimal immediate maintenance needs.
  • Located in Northeast Kearney, a growing residential neighborhood.
  • Four units feature one-car garages for tenant convenience.

OVERVIEW

This 5-unit multifamily property in Northeast Kearney represents a rare opportunity for investors seeking stable income and long-term value. Each unit offers a desirable layout with two bedrooms and two bathrooms, providing consistent appeal for renters. Four of the units are equipped with one-car garages, adding functional convenience, while one unit features basement access for additional storage flexibility. The well-maintained condition of the building minimizes upfront capital requirements, making it an attractive turnkey investment. The uniform unit configuration simplifies management, while the dedicated garages and extra storage enhance tenant retention. Kearney’s residential market continues to demonstrate steady growth, adding to the long-term investment potential of this asset. With opportunities for future rent stabilization or incremental value-add improvements, this property positions buyers to achieve solid returns. Monthly Rent for Each Unit: Unit #6: $1,050 Unit #7: $1,100 Unit #8: $950 No Garage Unit #9: $1,000 Unit #10: $925

FOR SALE DETAILS

PRICE

$989,000 USD

PRICE/SF

$151 USD /SF

# OF UNITS

5

PRICE/UNIT

$197,800

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

2005

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.4 AC

LAND SF

17,424 SF

ZONING

COMMERCIAL

APN/PARCEL ID

604896400

ASK ABOUT THIS PROPERTY

Heidi Narber-RichterRE/MAX Executives, Inc.More Info
308-627-5830

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Heidi Narber-RichterRE/MAX Executives, Inc.More Info
308-627-5830

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