NOT LISTED FOR SALE

Estimated Value: $561,105

11 Beds
5 Baths
3,895 Sq Ft
$144/Sq Ft Est. Value

Last Sold May 21, 2024

Last sale price $540,000 $139 Per Sq Ft

Est. 4% increase in value since last sale

Current estimated payment $3,512/month

33 Days on Market

Highlights

  • No HOA
  • 4 Car Garage
  • Forced Air Heating System

About This Home

As of May 2024

Prime investment opportunity! Fully renovated five-plex featuring 4 two-bedroom units & 1 three-bedroom unit, all-electric with separate water heaters. Updates include roof, HVAC, deck, electrical, garage doors, flooring, & appliances. On-site coin laundry. 4 garage spaces - 2 built-in, 2 detached accessible from alley. Prime downtown & UNL campus location. Ideal for investors seeking minimal maintenance and appreciating market rents. Seller is the listing agent.

Last Agent to Sell the Property

Zach Schreiber

Pinnacle Realty Group License #20190645 Listed on: 04/04/2024

Last Buyer's Agent

Ashley Hustad

BancWise Realty License #20040616

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,326

Year Built

  • Built in 1985

Lot Details

  • 7,100 Sq Ft Lot
  • Lot Dimensions are 50 x 142

Parking

  • 4 Car Garage

Home Design

  • Concrete Perimeter Foundation

Interior Spaces

  • 3,895 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 11 Bedrooms
  • 5 Full Bathrooms

Schools

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

Utilities

  • Forced Air Heating System

Community Details

  • No Home Owners Association
  • 3,895 Sq Ft Building
  • Mf Central Lincoln, Near South Subdivision

Listing and Financial Details

  • Total Actual Rent $4,790
  • Assessor Parcel Number 1035204018000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,326

Year Built

Built in 1985

Lot Details

7,100 Sq Ft Lot

Parking

4

Listing Details

  • Parcel Number: 1035204018000
  • Property Sub Type: Multi Family
  • Year Built: 1985
  • Prop. Type: Residential Income
  • Lot Size Acres: 0.163
  • Lot Size: 50 x 142
  • Ownership: Fee Simple
  • Subdivision Name: MF Central Lincoln, Near South
  • Directions: Consult GPS
  • Carport Y N: No
  • Garage Yn: Yes
  • Unit Levels: Two
  • New Construction: No
  • ResoBuildingAreaSource: Assessor
  • Remarks22: This property was fully-remodelled in 2021 and permitted through City. Minimal operating expenses. Professionally managed by Arrow. Contact agent for market rent projections. Annual Insurance $3,022.68
  • Special Features: None

Interior Features

  • Basement: None
  • Basement YN: No
  • Full Bathrooms: 5
  • Total Bedrooms: 11
  • Fireplace: No
  • Living Area: 3895
  • ResoLivingAreaSource: Assessor

Exterior Features

  • Foundation Details: Concrete Perimeter
  • Fencing: None
  • Property Condition: Not New and NOT a Model

Garage/Parking

  • Garage Spaces: 4
  • Attached Garage: Yes
  • Covered Parking Spaces: 4
  • Parking Features: Detached, Built-In
  • Total Parking Spaces: 5

Utilities

  • Heating: Electric, Forced Air
  • 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: 7100
  • ResoLotSizeUnits: SquareFeet

Tax Info

  • Tax Year: 2023
  • Tax Annual Amount: 5326.32

Multi Family

  • Number Of Units Total: 5
  • Total Actual Rent: 4790

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 4, 2024
Closed on
May 21, 2024
Sold by
Investright Llc
Bought by
Family Service Association Of Lincoln
Seller's Agent
Zach Schreiber
Pinnacle Realty Group
Buyer's Agent
Ashley Hustad
BancWise Realty
List Price
$550,000
Sold Price
$540,000
Premium/Discount to List
-$10,000
-1.82%
Views
31
Current Estimated Value
$561,105

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$21,105
Avg. Annual Appreciation
2.12%

Purchase Details

Closed on
Feb 15, 2023
Sold by
Knight Rebels Llc
Bought by
Investright Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$356,250
Interest Rate
6.48%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 18, 2020
Sold by
Accent Properties Llc
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
$640,000
Interest Rate
2.7%
Mortgage Type
Commercial

Purchase Details

Closed on
May 9, 2017
Sold by
Brown R E Ventures L L C
Bought by
Akira Ii Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$142,465
Interest Rate
4.14%
Mortgage Type
Commercial
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Family Service Association Of Lincoln $540,000 Charter Title
Investright Llc $475,000 Charter Title
Knight Rebels Llc $400,000 Charter Title & Escrow
Akira Ii Llc $190,000 Nebraska Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Investright Llc $356,250
Previous Owner Knight Rebels Llc $640,000
Previous Owner Akira Ii Llc $142,465
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/21/2024 05/21/24 Sold $540,000 -1.8% $139 / Sq Ft
05/08/2024 05/08/24 Pending -- -- --
05/03/2024 05/03/24 For Sale $550,000 0.0% $141 / Sq Ft
04/06/2024 04/06/24 Pending -- -- --
04/04/2024 04/04/24 For Sale $550,000 -- $141 / Sq Ft
Source: Great Plains Regional MLS

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
2025 -- $431,100 $27,000 $404,100
2024 -- $411,700 $37,500 $374,200
2023 $5,326 $317,800 $37,500 $280,300
2022 $4,823 $242,000 $37,500 $204,500
2021 $5,704 $302,500 $37,500 $265,000
2020 $3,594 $188,100 $37,500 $150,600
2019 $3,595 $188,100 $37,500 $150,600
2018 $3,610 $188,100 $37,500 $150,600
2017 $4,144 $213,900 $37,500 $176,400
2016 $4,165 $213,900 $37,500 $176,400
2015 $4,136 $213,900 $37,500 $176,400
2014 $3,705 $190,500 $27,000 $163,500
2013 -- $190,500 $27,000 $163,500
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Great Plains Regional MLS

MLS Number: 22407802

Great Plains Regional MLS

APN: 10-35-204-018-000

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