4501 Tranquility Dr - Apartments FOR SALE


Lincoln, NE 68504- Sunset Acres
$3,500,000 USD
402-639-6278
4501 Tranquility Dr, Lincoln, NE for Sale
$3,500,000 USD
Apartments - FOR SALE
1/17
null | 7.77% Cap Rate

4501 Tranquility Dr
Lincoln, NE 68504
Sunset Acres


HIGHLIGHTS

  • Strong Demographics
  • Stable Unit Mix
  • Strong Value Add Potential

OVERVIEW

This multifamily property consists of two separate 20 unit buildings with a private parking lot and 26 garages. With a strong unit mix of 1, 2 and 3 bedroom units and updated laundry facilities on-site, the property has benefitted from major capital improvements in the form of new roofs in 2022 and new stairs and walkways in 2023. In conjunction with interior unit upgrades, current ownership has invested over $400,000 in capital improvements over the past 4 years. The immediate area consists mainly of single family homes and condominiums. The property is bordered by a city park and walking trail providing a play area and ample green space for tenants and pets.

FOR SALE DETAILS

PRICE

$3,500,000 USD

PRICE/SF

$102 USD /SF

# OF UNITS

40

PRICE/UNIT

$87,500

CAP RATE

7.77%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1978

PARKING SPACES

88

LAND DETAILS

LAND ACRES

1.27 AC

LAND SF

55,321 SF

ZONING

R2

APN/PARCEL ID

17-08-106-035-000

ASK ABOUT THIS PROPERTY

Stephen SykesCascade Real Estate GroupMore Info
402-639-6278

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Stephen SykesCascade Real Estate GroupMore Info
402-639-6278

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