NOT LISTED FOR SALE

Estimated Value: $520,520

7 Beds
7 Baths
3,920 Sq Ft
$133/Sq Ft Est. Value

Last Sold September 01, 2023

Last sale price $502,000 $128 Per Sq Ft

Est. 4% increase in value since last sale

Current estimated payment $3,222/month

75 Days on Market

Highlights

  • Deck
  • Forced Air Heating and Cooling System
  • Level Lot
  • No HOA
  • Partially Fenced Property

About This Home

As of September 2023

Great investment opportunity to purchase a performing apartment complex in close proximity to downtown Lincoln. The property includes 7 one bedroom, one bathroom units. The property is preforming at 6.5% cap rate with $4566 total month rent. Property can be purchased separately or with 2140 J Street and 2120 J Street. Contact the listing agent for financial details.

Last Agent to Sell the Property

Jenni Limbach

Arrow Brokerage License #20200393 Listed on: 05/08/2023

Co-Listed By

Zach Limbach

Arrow Brokerage License #20190796

Last Buyer's Agent

James Herrold

NP Dodge RE Sales Inc Lincoln License #20210030

NP Dodge RE Sales Inc Lincoln

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,561

Year Built

  • Built in 1977

Lot Details

  • 7,000 Sq Ft Lot
  • Lot Dimensions are 50 x 140
  • Partially Fenced Property
  • Level Lot

Home Design

  • Brick Exterior Construction
  • Slab Foundation
  • Composition Roof
  • Hardboard
  • Stone

Interior Spaces

  • 3,920 Sq Ft Home
  • 2-Story Property

Kitchen

  • Oven or Range
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 7 Full Bathrooms

Laundry

  • Dryer
  • Washer

Parking

  • 12 Parking Spaces
  • No Garage

Outdoor Features

  • Deck

Schools

  • Elliott Elementary School
  • Lefler Middle School
  • Lincoln High School

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Gas

Listing and Financial Details

  • Total Actual Rent $4,566
  • Assessor Parcel Number 1025214012000

Community Details

Overview

  • No Home Owners Association
  • 3,920 Sq Ft Building
  • Mcncom Mf Central Lincoln Subdivision

Building Details

  • Insurance Expense $2,462
  • Maintenance Expense $2,246
  • Manager Expense $3,288
  • Other Expense $3,075
  • Net Operating Income $35,109

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,561

Year Built

Built in 1977

Lot Details

7,000 Sq Ft Lot

Listing Details

  • Parcel Number: 1025214012000
  • Property Sub Type: Multi Family
  • Other Expense: 3075
  • Year Built: 1977
  • Prop. Type: Residential Income
  • Lot Size Acres: 0.1607
  • Lot Size: 50 x 140
  • Ownership: Fee Simple
  • Subdivision Name: MCNCOM - MF Central Lincoln
  • Directions: Use GPS for detailed directions. From 27th and A Street: Travel West on Capital Pkwy Travel South on S 21st Street Travel East on J Street Properties are on the North side of the street.
  • Carport Y N: No
  • Garage Yn: No
  • Unit Levels: Two
  • New Construction: No
  • ResoBuildingAreaSource: Assessor
  • Remarks22: The sellers is willing to sell 2110 J Street, 2120 J Street, and 2140 J Street as a package. Showings require 48 hours notice. All showings will be M-F during business hours. All showings will be group showings to limit interruption to tenants.
  • Special Features: None

Interior Features

  • Basement: None
  • Appliances: Range - Cooktop + Oven, Refrigerator, Dishwasher, Disposal, Washer, Dryer
  • Basement YN: No
  • Full Bathrooms: 7
  • Total Bedrooms: 7
  • Fireplace: No
  • Living Area: 3920
  • ResoLivingAreaSource: Assessor

Exterior Features

  • Foundation Details: Slab
  • Fencing: Partial
  • Construction Type: Stone, Hardboard, Brick/Other
  • Patio And Porch Features: Deck
  • Property Condition: Not New and NOT a Model
  • Roof: Composition

Garage/Parking

  • Attached Garage: No
  • Parking Features: No Garage
  • Total Parking Spaces: 12

Utilities

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

Condo/Co-op/Association

  • Association: No

Schools

  • High School: Lincoln High
  • Elementary School: Elliott
  • Junior High Dist: Lincoln
  • Middle Or Junior School: Lefler

Lot Info

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

Multi Family

  • Insurance Expense: 2462
  • Maintenance Expense: 2246
  • Number Of Units Total: 7
  • Resident Manager Expense: 3288
  • Property Net Operating Income: 35109
  • Total Actual Rent: 4566

Tax Info

  • Tax Year: 2022
  • Tax Annual Amount: 6560.58

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 8, 2023
Closed on
Aug 21, 2023
Sold by
Chileno Rock Club Llc
Bought by
Herrold Properties Llc
Seller's Agent
Jenni Limbach
Arrow Brokerage
Buyer's Agent
James Herrold
NP Dodge RE Sales Inc Lincoln
List Price
$540,000
Sold Price
$502,000
Premium/Discount to List
-$38,000
-7.04%
Views
209
Current Estimated Value
$520,520

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$18,520
Avg. Annual Appreciation
1.43%
Original Mortgage
$172,200
Outstanding Balance
$168,254
Interest Rate
6.78%
Mortgage Type
Construction
Estimated Equity
$352,266

Purchase Details

Closed on
Dec 3, 2019
Sold by
Huynh Chung Hoa and Nguyen Lich T
Bought by
Executive Edge Properties Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$440,000
Interest Rate
3.75%
Mortgage Type
Unknown

Purchase Details

Closed on
Oct 31, 2012
Sold by
Keane Patrick D and Keane Molly
Bought by
Huynh Chung Hoa and Nguyen Lich T

Purchase Details

Closed on
Feb 27, 2009
Sold by
Keane John P
Bought by
Keane Patrick D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$138,750
Interest Rate
4.92%
Mortgage Type
Future Advance Clause Open End Mortgage
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
Herrold Properties Llc $502,000 Union Title
Executive Edge Properties Llc $189,000 Investors Title Ins Co Ne
Huynh Chung Hoa $168,000 Union Title Company
Keane Patrick D $185,000 Nt Com
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Herrold Properties Llc $172,200
Previous Owner Executive Edge Properties Llc $440,000
Previous Owner Keane Patrick D $138,750
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/01/2023 09/01/23 Sold $502,000 -7.0% $128 / Sq Ft
07/23/2023 07/23/23 Pending -- -- --
05/08/2023 05/08/23 For Sale $540,000 -- $138 / 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 $5,802 $436,900 $47,300 $389,600
2024 $5,802 $416,000 $52,500 $363,500
2023 $6,640 $396,200 $35,000 $361,200
2022 $6,948 $348,600 $35,000 $313,600
2021 $5,800 $307,600 $35,000 $272,600
2020 $3,705 $193,900 $35,000 $158,900
2019 $3,705 $193,900 $35,000 $158,900
2018 $3,722 $193,900 $35,000 $158,900
2017 $3,690 $190,500 $35,000 $155,500
2016 $3,709 $190,500 $35,000 $155,500
2015 $3,684 $190,500 $35,000 $155,500
2014 -- $187,800 $31,500 $156,300
2013 -- $187,800 $31,500 $156,300
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Great Plains Regional MLS

MLS Number: 22309525

Great Plains Regional MLS

APN: 10-25-214-012-000

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