NOT LISTED FOR SALE

Estimated Value: $857,500

Studio
10 Baths
5,000 Sq Ft
$172/Sq Ft Est. Value

Last Sold March 31, 2021

Last sale price $375,000 $75 Per Sq Ft

Est. 129% increase in value since last sale

Current estimated payment $5,385/month

79 Days on Market

Highlights

  • Corner Lot
  • Brick or Stone Mason
  • Studio bedroom
  • No HOA
  • Window Unit Cooling System
  • Property is near bus stop

About This Home

As of March 2021

Investors, here’s a great opportunity to pick up a solid, money making 10-plex! Big efficiency units with separate electric and gas meters for each, so no paying for your tenants heating and cooling bills! Easy to rent with 3 units newly renovated and ready for tenants! You’ll love the cash flow and low maintenance, and the peace of mind knowing the roof is brand new! The property offers even more opportunity in the big 3rd floor. Perfect to renovate and rent out or make into a large owner’s suite! Call/text for your private showing.

Last Agent to Sell the Property

Greg Mccown

HOME Real Estate License #980598 Listed on: 10/29/2020

HOME Real Estate

Last Buyer's Agent

Wes Ewasiuk

BHHS Ambassador Real Estate License #20180696

BHHS Ambassador Real Estate

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,698

Year Built

  • Built in 1926

Lot Details

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

Home Design

  • Brick or Stone Mason
  • Block Foundation
  • Composition Roof

Interior Spaces

  • 5,000 Sq Ft Home
  • 2-Story Property
  • Ceiling height of 9 feet or more
  • Basement

Kitchen

  • Oven
  • Plumbed For Gas In Kitchen
  • Gas Stub for Range

Bedrooms and Bathrooms

  • Studio bedroom
  • 10 Full Bathrooms

Parking

  • 4 Parking Spaces
  • No Garage

Location

  • Property is near bus stop

Schools

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

Utilities

  • Window Unit Cooling System
  • Forced Air Heating System
  • Cable TV Available

Listing and Financial Details

  • Total Actual Rent $5,220
  • Rent includes type 1(water hot water), type 2(water hot water), type 3(water hot water), type 4(water hot water), type 5(water hot water), type 6(water hot water), type 7(water hot water), type 8(water hot water), type 9(water hot water), type 10(water hot water)
  • Assessor Parcel Number 1026405007000

Community Details

Overview

  • No Home Owners Association
  • 5,000 Sq Ft Building
  • Lincoln Original Subdivision

Amenities

  • Laundry Facilities

Building Details

  • Insurance Expense $6,444
  • Other Expense $3,698
  • Operating Expense $120
  • Net Operating Income $48,106

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,698

Year Built

Built in 1926

Lot Details

7,100 Sq Ft Lot

Listing Details

  • Parcel Number: 1026405007000
  • Property Sub Type: Multi Family
  • Other Expense: 3698
  • Year Built: 1926
  • Prop. Type: Residential Income
  • Lot Size Acres: 0.163
  • Lot Size: 50 x 142
  • Ownership: Fee Simple
  • Subdivision Name: Lincoln Original
  • Directions: Go west one block from 13th & G. Property on your left - SE corner of 12th and G.
  • Carport Y N: No
  • Garage Yn: No
  • Unit Levels: Two
  • New Construction: No
  • ResoBuildingAreaSource: Assessor
  • Remarks22: 24 hrs notice is required for all units except for B1, B2 & B3. There are coin-op laundry facilities in the basement. These are not owned, but on a lease through Clean Wash. Roof was replaced in Sept. 2020. Third floor is accessible with a key in the lockbox. Although a city COC was recently performed, depending on purchase dates, a new COC may be required. Tenants all have separate gas (gas stoves only) & electric meters. Landlord pays for hot water with two newer water heaters. All keys are labeled and see attached information on key usage.
  • BK9_LFD_TYPE1ROOMS_70: Studio
  • BK9_LFD_TYPE2ROOMS_77: Studio
  • BK9_LFD_TYPE3ROOMS_84: Studio
  • BK9_LFD_TYPE4ROOMS_91: Studio
  • BK9_LFD_TYPE5ROOMS_173: Studio
  • BK9_LFD_TYPE6ROOMS_174: Studio
  • BK9_LFD_TYPE7ROOMS_175: Studio
  • BK9_LFD_TYPE8ROOMS_176: Studio
  • BK9_LFD_TYPE1COOLING_75: Wind Air
  • BK9_LFD_TYPE2COOLING_82: Wind Air
  • BK9_LFD_TYPE3COOLING_89: Wind Air
  • BK9_LFD_TYPE4COOLING_96: Wind Air
  • BK9_LFD_TYPE1HEATFUEL_74: Electric
  • BK9_LFD_TYPE1HEATTYPE_73: Forced Air
  • BK9_LFD_TYPE2HEATFUEL_81: Electric
  • BK9_LFD_TYPE2HEATTYPE_80: Forced Air
  • BK9_LFD_TYPE3HEATFUEL_88: Electric
  • BK9_LFD_TYPE3HEATTYPE_87: Forced Air
  • BK9_LFD_TYPE4HEATFUEL_95: Electric
  • BK9_LFD_TYPE4HEATTYPE_94: Forced Air
  • BK9_LFD_TYPE5COOLING_203: Wind Air
  • BK9_LFD_TYPE6COOLING_204: Wind Air
  • BK9_LFD_TYPE7COOLING_205: Wind Air
  • BK9_LFD_TYPE8COOLING_206: Wind Air
  • BK9_LFD_TYPE10COOLING_208: Wind Air
  • BK9_LFD_TYPE5HEATFUEL_197: Electric
  • BK9_LFD_TYPE5HEATTYPE_191: Forced Air
  • BK9_LFD_TYPE6HEATFUEL_198: Electric
  • BK9_LFD_TYPE6HEATTYPE_192: Forced Air
  • BK9_LFD_TYPE7HEATFUEL_199: Electric
  • BK9_LFD_TYPE7HEATTYPE_193: Forced Air
  • BK9_LFD_TYPE8HEATFUEL_200: Electric
  • BK9_LFD_TYPE8HEATTYPE_194: Forced Air
  • BK9_LFD_TYPE10HEATFUEL_202: Electric
  • BK9_LFD_TYPE10HEATTYPE_196: Forced Air
  • BK9_LFD_TYPE1APPLIANCES_71: Range - Cooktop + Oven, Oven - No Cooktop, Refrigerator
  • BK9_LFD_TYPE2APPLIANCES_78: Range - Cooktop + Oven, Oven - No Cooktop, Refrigerator
  • BK9_LFD_TYPE3APPLIANCES_85: Range - Cooktop + Oven, Oven - No Cooktop, Refrigerator
  • BK9_LFD_TYPE4APPLIANCES_92: Range - Cooktop + Oven, Oven - No Cooktop, Refrigerator
  • BK9_LFD_TYPE5APPLIANCES_179: Range - Cooktop + Oven, Oven - No Cooktop, Refrigerator
  • BK9_LFD_TYPE6APPLIANCES_180: Range - Cooktop + Oven, Oven - No Cooktop, Refrigerator
  • BK9_LFD_TYPE7APPLIANCES_181: Range - Cooktop + Oven, Oven - No Cooktop, Refrigerator
  • Special Features: None

Interior Features

  • Interior Amenities: 9'+ Ceiling
  • Appliances: Range - Cooktop + Oven, Oven - No Cooktop, Refrigerator, Connection For Gas Ranges, Connection For Gas Oven, Connections Vary per Unit
  • Basement YN: Yes
  • Full Bathrooms: 10
  • Fireplace: No
  • Living Area: 5000
  • ResoLivingAreaSource: Assessor
  • BK9_LFD_TYPE1INTERIORFEATURES_72: Cable Available
  • BK9_LFD_TYPE2INTERIORFEATURES_79: Cable Available
  • BK9_LFD_TYPE3INTERIORFEATURES_86: Cable Available
  • BK9_LFD_TYPE4INTERIORFEATURES_93: Cable Available
  • BK9_LFD_TYPE5INTERIORFEATURES_185: Cable Available

Exterior Features

  • Foundation Details: Block
  • Exterior Features: Bus Service
  • Fencing: None
  • Construction Type: Brick
  • Property Condition: Not New and NOT a Model
  • Roof: Composition

Garage/Parking

  • Attached Garage: No
  • Parking Features: No Garage
  • Total Parking Spaces: 4

Utilities

  • Cooling: Window Unit(s)
  • Laundry Features: Laundry Facilities
  • Cooling Y N: Yes
  • Heating: Electric, Other
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • HOA Rent Includes: Type 1(Water,Hot Water), Type 2(Water,Hot Water), Type 3(Water,Hot Water), Type 4(Water,Hot Water), Type 5(Water,Hot Water), Type 6(Water,Hot Water), Type 7(Water,Hot Water), Type 8(Water,Hot Water), Type 9(Water,Hot Water), Type 10(Water,Hot Water)
  • 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., Alley, Corner Lot, Level
  • Lot Size Sq Ft: 7100
  • ResoLotSizeUnits: SquareFeet

Multi Family

  • Insurance Expense: 6444
  • Operating Expense: 120
  • Number Of Units Total: 10
  • Property Net Operating Income: 48106
  • Total Actual Rent: 5220

Tax Info

  • Tax Year: 2019
  • Tax Annual Amount: 3698

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 29, 2020
Closed on
Mar 29, 2021
Sold by
Senika Properties Llc
Bought by
Varner Nathan S
Seller's Agent
Greg Mccown
HOME Real Estate
Buyer's Agent
Wes Ewasiuk
BHHS Ambassador Real Estate
List Price
$449,900
Sold Price
$375,000
Premium/Discount to List
-$74,900
-16.65%
Current Estimated Value
$857,500

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$482,500
Original Mortgage
$495,000
Outstanding Balance
$407,189
Interest Rate
2.9%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
Jun 15, 2015
Sold by
Wilson Michael P and Wilson Lynette S
Bought by
Senika Properties Llc
Source: Public Records
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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
Varner Nathan S $375,000 Ambassador Title Services
Senika Properties Llc $182,000 Nebraska Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Varner Nathan S $495,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/31/2021 03/31/21 Sold $375,000 -16.6% $75 / Sq Ft
01/15/2021 01/15/21 Pending -- -- --
10/28/2020 10/28/20 For Sale $449,900 -- $90 / 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 $9,639 $682,300 $31,500 $650,800
2024 $9,639 $682,300 $70,000 $612,300
2023 $10,113 $603,400 $70,000 $533,400
2022 $3,183 $159,700 $78,000 $81,700
2021 $6,022 $319,400 $78,000 $241,400
2020 $3,697 $193,500 $70,000 $123,500
2019 $3,698 $193,500 $70,000 $123,500
2018 $3,714 $193,500 $70,000 $123,500
2017 $3,330 $171,900 $70,000 $101,900
2016 $3,347 $171,900 $70,000 $101,900
2015 $3,324 $171,900 $70,000 $101,900
2014 $3,328 $171,100 $31,500 $139,600
2013 -- $171,100 $31,500 $139,600
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Great Plains Regional MLS

MLS Number: 22027063

Great Plains Regional MLS

APN: 10-26-405-007-000

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