$925,000

1218 E Street, Lincoln, NE 68508

  • 3 beds |
  • 2 baths
  • Property Icon Multi-Family Home
  • Property Year Built Icon Built in 1974
  • Property Lot Size Icon7,248sqft lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $——/sqft
  • Property List Date Icon Listed 5 months ago

Property Description

Turnkey 12-Unit Investment Opportunity – Minutes from Downtown Lincoln! This fully occupied 12-unit building features 6 spacious 2 bed 1 bath units and 6 efficient 1 bed 1 bath units, all recently renovated and well maintained. Each unit includes its own furnace and A/C combo unit—about half of which have been recently replaced—offering independent climate control for tenants and streamlined maintenance for owners. Plenty of upside potential with room to raise rents (see pro forma). Gross Income $11.2k per month, exceeding the 1% Rule and the building is located just 5 minutes from vibrant downtown Lincoln, making it an ideal location for tenants and investors alike.

Listing Status:
Active
Listing Office:
Realty ONE Group Sterling : 402-934-0074
Listing Agent:
Wyatt Simon : 402-940-8484
MLS ID:
22517235
  • Heating: ElectricForced Air
  • Parking: No GarageParking spaces: 6
  • Roofing: Composition
  • General: Concrete Perimeter
  • Originating MLS: Great Plains Regional MLS
  • School District: Lincoln
  • County: Lancaster
  • Zoning: LINCOLN ORIGINALBLOCK 179Lot 91026411011000
  • Fencing: Partial
  • Water: Public
  • Sewer: Public Sewer
  • Source: Great Plains Regional MLS
  • Ownership: Fee Simple

This listing courtesy of Wyatt Simon, Realty ONE Group Sterling

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

Schools Nearby

E

Everett Elementary School

1123 C St, Lincoln, NE, 68502

Grades PK-5

0.23 miles away

P

Park Middle School

855 S 8th St, Lincoln, NE, 68508

Grades 6-8

0.39 miles away

L

Lincoln High School

2229 J St, Lincoln, NE, 68510

Grades 9-12

0.82 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.