$405,000
SOLD OCT 12, 2023
6 Beds
6 Baths
3,740 Sq Ft
7,000 Sq Ft Lot

Recently Sold

$108 Per Sq Ft

4% Below List Price

40 Days on Market

Highlights

  • No HOA
  • Central Air
  • Heating System Uses Gas

About This Home

As of July 2025

This fantastic 6-unit apartment complex offers a convenient and comfortable living experience. Each unit features 1 bedroom and 1 bathroom, providing residents with the perfect amount of space to call home. Ample off street parking is available with alley access, ensuring hassle-free parking for all tenants. No need to worry about laundry either, as the complex boasts a shared laundry facility, saving you time and effort. The building has experienced several updates, including a new roof, gutters, windows. Each unit is equipped with new mini-split HVAC systems, allowing you to customize your desired climate and maximize comfort. Currently, all units are fully rented at $3930/month, making this an excellent investment opportunity. The strong rental demand in the area ensures a stable and consistent income stream for the savvy investor. Don't miss out on this incredible chance to own a well-maintained 6-unit apartment complex in the heart of downtown.

Last Agent to Sell the Property

Jenni Limbach

Arrow Brokerage License #20200393 Listed on: 06/28/2023

Co-Listed By

Zach Limbach

Arrow Brokerage License #20190796

Last Buyer's Agent

Ryan Pierce

SimpliCity Real Estate License #20150020

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,771

Year Built

  • Built in 1966

Lot Details

  • 7,000 Sq Ft Lot
  • Lot Dimensions are 50 x 140

Home Design

  • Brick Foundation
  • Composition Roof

Interior Spaces

  • 3,740 Sq Ft Home
  • Walk-Out Basement

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 6 Full Bathrooms

Parking

  • 10 Parking Spaces
  • No Garage

Schools

  • Everett Elementary School
  • Park Middle School
  • Lincoln High School

Utilities

  • Central Air
  • Heating System Uses Gas

Listing and Financial Details

  • Total Actual Rent $3,930
  • Assessor Parcel Number 1026429006000

Community Details

Overview

  • No Home Owners Association
  • 3,740 Sq Ft Building
  • Mf Central Lincoln Subdivision

Building Details

  • Insurance Expense $2,745
  • Maintenance Expense $3,384
  • Manager Expense $2,830
  • Other Expense $711
  • Net Operating Income $30,009

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,771

Year Built

Built in 1966

Lot Details

0

Listing Details

  • Parcel Number: 1026429006000
  • Property Sub Type: Multi Family
  • Other Expense: 711
  • Year Built: 1966
  • Prop. Type: Residential Income
  • Lot Size Acres: 0.1607
  • Lot Size: 50 x 140
  • Co List Office Mls Id: L592001100
  • Ownership: Fee Simple
  • Subdivision Name: MF Central Lincoln
  • Carport Y N: No
  • Garage Yn: No
  • New Construction: No
  • ResoBuildingAreaSource: Assessor
  • Special Features: None

Interior Features

  • Basement: Walk-Out Access
  • Basement YN: Yes
  • Full Bathrooms: 6
  • Total Bedrooms: 6
  • Fireplace: No
  • Living Area: 3740
  • ResoLivingAreaSource: Assessor

Exterior Features

  • Foundation Details: Brick/Mortar
  • Fencing: None
  • Property Condition: Not New and NOT a Model
  • Roof: Composition

Garage/Parking

  • Attached Garage: No
  • Parking Features: No Garage
  • Total Parking Spaces: 10

Utilities

  • Cooling: Central Air, Other
  • Cooling Y N: Yes
  • Heating: Gas, Other
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association: No

Schools

  • High School: Lincoln High
  • Elementary School: Everett
  • Junior High Dist: Lincoln
  • Middle Or Junior School: Park

Lot Info

  • Lot Features: Up to 1/4 Acre.
  • Lot Size Sq Ft: 7000
  • ResoLotSizeUnits: SquareFeet

Multi Family

  • Insurance Expense: 2745
  • Maintenance Expense: 3384
  • Number Of Units Total: 6
  • Resident Manager Expense: 2830
  • Property Net Operating Income: 30009
  • Total Actual Rent: 3930

Tax Info

  • Tax Year: 2022
  • Tax Annual Amount: 4770.8

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 2, 2025
Closed on
Jul 8, 2025
Sold by
Hallett Rental Properties Llc
Bought by
Rosanna Ferrando Family Trust and Ferrando
Seller's Agent
Ryan Pierce
SimpliCity Real Estate
Buyer's Agent
Jenni Limbach
Arrow Brokerage
List Price
$549,900
Sold Price
$525,000
Premium/Discount to List
-$24,900
-4.53%
Views
49

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-76.76%

Purchase Details

Listed on
Jun 28, 2023
Closed on
Oct 10, 2023
Sold by
Knight Rebels Llc
Bought by
Hallett Rental Properties Llc
Seller's Agent
Jenni Limbach
Arrow Brokerage
Buyer's Agent
Ryan Pierce
SimpliCity Real Estate
List Price
$419,900
Sold Price
$405,000
Premium/Discount to List
-$14,900
-3.55%
Views
236

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
16.08%
Original Mortgage
$324,000
Interest Rate
7.18%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 20, 2021
Sold by
Francois Richard and Gehy Chrystel
Bought by
Knight Rebels Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$259,200
Interest Rate
2.6%
Mortgage Type
Credit Line Revolving

Purchase Details

Listed on
May 10, 2018
Closed on
Aug 23, 2018
Sold by
Green River Properties Llc
Bought by
Francios Richard
Seller's Agent
Luz Ducharme
BHHS Ambassador Real Estate
Buyer's Agent
Johanna Rhoads
RE/MAX Concepts
List Price
$280,000
Sold Price
$275,000
Premium/Discount to List
-$5,000
-1.79%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.66%
Original Mortgage
$192,500
Interest Rate
4.5%
Mortgage Type
Commercial

Purchase Details

Closed on
May 23, 2016
Sold by
Ostiguin Lidia
Bought by
Green River Properties Llc

Purchase Details

Closed on
Jul 26, 2001
Sold by
Sharifi Hassan and Sharifi Carol J
Bought by
Ostiguin Guadalupe and Ostiguin Lidia

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$153,000
Interest Rate
7.07%
Mortgage Type
Commercial
Source: Public Records

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Warranty Deed $525,000 Charter Title
Warranty Deed $405,000 None Listed On Document
Warranty Deed $324,000 Charter Title & Escrow Servi
Warranty Deed $275,000 Nebraska Land Title & Abstra
Warranty Deed $11,555 Nebraska Title Co
Warranty Deed $153,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $324,000 New Conventional
Previous Owner $259,200 Credit Line Revolving
Previous Owner $192,500 Commercial
Previous Owner $153,000 Commercial
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/09/2025 07/09/25 Sold $525,000 -4.5% $123 / Sq Ft
06/19/2025 06/19/25 Pending -- -- --
05/02/2025 05/02/25 For Sale $549,900 +35.8% $129 / Sq Ft
10/12/2023 10/12/23 Sold $405,000 -3.5% $108 / Sq Ft
08/08/2023 08/08/23 Pending -- -- --
06/28/2023 06/28/23 For Sale $419,900 +52.7% $112 / Sq Ft
08/31/2018 08/31/18 Sold $275,000 -1.8% $65 / Sq Ft
08/14/2018 08/14/18 Pending -- -- --
05/08/2018 05/08/18 For Sale $280,000 -- $66 / Sq Ft
Source: Great Plains Regional MLS

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $4,656 $327,500 $45,000 $282,500
2023 $4,669 $278,600 $45,000 $233,600
2022 $5,052 $253,500 $45,000 $208,500
2021 $4,276 $226,800 $45,000 $181,800
2020 $3,248 $170,000 $45,000 $125,000
2019 $3,249 $170,000 $45,000 $125,000
2018 $3,263 $170,000 $45,000 $125,000
2017 $2,981 $153,900 $45,000 $108,900
2016 $2,997 $153,900 $45,000 $108,900
2015 $2,976 $153,900 $45,000 $108,900
2014 $3,028 $155,700 $32,400 $123,300
2013 -- $155,700 $32,400 $123,300
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Great Plains Regional MLS

MLS Number: 22314207

Great Plains Regional MLS

APN: 10-26-429-006-000