NOT LISTED FOR SALE

Estimated Value: $634,205

14 Beds
7 Baths
5,280 Sq Ft
$120/Sq Ft Est. Value

Sale Details

Date Sold: September 1, 2023

Last sale price $608,000 $115 Per Sq Ft

Est. 4% increase in value since last sale

Current estimated payment $4,054 / mo

75 Days on Market

Highlights

  • No HOA
  • Forced Air Heating and Cooling System
  • Level Lot
  • 2 Car Attached Garage

About This Home

As of September 2023

Fantastic investment opportunity to purchase a renovated, performing apartment complex in close proximity to downtown Lincoln. The property includes 7 two bedroom, one bathroom units. The property is preforming at 6.29% cap rate with $5520 total month rent. Property can be purchased separately or with 2140 J Street and 2110 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

  • $8,316

Year Built

  • Built in 1977

Lot Details

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

Parking

  • 2 Car Attached Garage

Home Design

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

Interior Spaces

  • 5,280 Sq Ft Home
  • 2-Story Property

Kitchen

  • Oven or Range
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 14 Bedrooms
  • 7 Full Bathrooms

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 $5,520
  • Assessor Parcel Number 1025214013000

Community Details

Overview

  • No Home Owners Association
  • 5,280 Sq Ft Building
  • Mcncom Mf Central Lincoln Subdivision

Building Details

  • Insurance Expense $3,468
  • Maintenance Expense $3,451
  • Manager Expense $3,985
  • Other Expense $2,430
  • Net Operating Income $41,217

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,316

Year Built

Built in 1977

Lot Details

7,000 Sq Ft Lot

Parking

2

Listing Details

  • Parcel Number: 1025214013000
  • Property Sub Type: Multi Family
  • Other Expense: 2430
  • 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: Yes
  • 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
  • Basement YN: No
  • Full Bathrooms: 7
  • Total Bedrooms: 14
  • Fireplace: No
  • Living Area: 5280
  • ResoLivingAreaSource: Assessor

Exterior Features

  • Foundation Details: Slab
  • Fencing: None
  • Construction Type: Stone, Hardboard, Brick/Other
  • Property Condition: Not New and NOT a Model
  • Roof: Composition

Garage/Parking

  • Garage Spaces: 2
  • Attached Garage: Yes
  • Covered Parking Spaces: 2
  • Parking Features: Attached
  • Total Parking Spaces: 5

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: 3468
  • Maintenance Expense: 3451
  • Number Of Units Total: 7
  • Resident Manager Expense: 3985
  • Property Net Operating Income: 41217
  • Total Actual Rent: 5520

Tax Info

  • Tax Year: 2022
  • Tax Annual Amount: 8316.48

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
$655,000
Sold Price
$608,000
Premium/Discount to List
-$47,000
-7.18%
Views
189
Current Estimated Value
$634,205

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$26,205
Avg. Annual Appreciation
1.56%
Original Mortgage
$208,200
Outstanding Balance
$203,429
Interest Rate
6.78%
Mortgage Type
New Conventional
Estimated Equity
$430,776

Purchase Details

Closed on
Dec 3, 2019
Sold by
Nguyen Lich
Bought by
Executive Edge Properties Llc

Purchase Details

Closed on
Jan 24, 2003
Sold by
Fredrick Steven L and Fredrick Sharon I
Bought by
Roehrs Dale E and Roehrs Donna R
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
Herrold Properties Llc $608,000 Union Title
Executive Edge Properties Llc $225,000 Investors Title Ins Co Ne
Roehrs Dale E $650,000 --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open Herrold Properties Llc $208,200
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/01/2023 09/01/23 Sold $608,000 -7.2% $115 / Sq Ft
07/23/2023 07/23/23 Pending -- -- --
05/08/2023 05/08/23 For Sale $655,000 -- $124 / 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 $7,461 $559,800 $33,100 $526,700
2024 $7,461 $533,700 $52,500 $481,200
2023 $8,405 $501,500 $52,500 $449,000
2022 $8,807 $441,900 $52,500 $389,400
2021 $7,351 $389,900 $52,500 $337,400
2020 $5,037 $263,600 $52,500 $211,100
2019 $5,037 $263,600 $52,500 $211,100
2018 $5,060 $263,600 $52,500 $211,100
2017 $4,628 $238,900 $52,500 $186,400
2016 $4,652 $238,900 $52,500 $186,400
2015 $4,620 $238,900 $52,500 $186,400
2014 $4,430 $227,800 $33,100 $194,700
2013 -- $227,800 $33,100 $194,700
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Great Plains Regional MLS

MLS Number: 22309521

Great Plains Regional MLS

APN: 10-25-214-013-000

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