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$800,000
Est. payment /mo
16 Beds
7 Baths
6,400 SqFt
UPDATED:
12/03/2024 02:02 AM
Key Details
Property Type Multi-Family
Sub Type Multi-Unit
Listing Status Pending
Purchase Type For Sale
Square Footage 6,400 sqft
Price per Sqft $125
MLS Listing ID 826706
Bedrooms 16
Full Baths 7
Year Built 1982
Annual Tax Amount $3,656
Tax Year 2023
Lot Size 1.000 Acres
Acres 1.0
Property Description
Opportunity knocks with this turn-key, fully renovated 8-unit multifamily building located in the heart of Ponca, Nebraska, a thriving small town with a rich community spirit and excellent access to local amenities. Situated at 519 E. North Street, this property boasts modern upgrades, consistent cash flow, and minimal maintenance needs, making it an ideal investment for any portfolio. Key Features: Full Renovation: All 8 units have undergone complete renovations, including: Updated Bathrooms featuring modern fixtures. Luxury Vinyl Tile (LVT) Flooring installed in every unit, offering durability and easy maintenance. New Lighting and Fresh Paint in all units, creating a bright and contemporary atmosphere for tenants. Common Areas: In 2024, the hallways were refreshed with new paint and flooring, ensuring a welcoming environment throughout the building. Roof Replacement: The roof was replaced in 2020, adding long-term value and peace of mind for the next owner. Fully Leased: All units are currently occupied, providing immediate and stable rental income. Property Details: Unit Mix: Eight 2-bedroom units, each providing spacious living for tenants. Location: Ponca, Nebraska, offers small-town charm with easy access to local amenities, parks, and recreational opportunities. The property is located near the downtown area, providing residents with nearby conveniences like grocery stores, restaurants, and Ponca State Park, which is just a short drive away. Investment Highlights: Strong Rental Demand: Ponca’s peaceful community and proximity to larger towns like Sioux City, IA, make it a desirable location for tenants seeking quiet living with easy commuting options. Low Maintenance: Recent renovations throughout the building minimize the need for immediate capital expenditures, allowing investors to focus on maximizing returns. Attractive Cash Flow: With all units leased, the property provides steady rental income from day one. Agent is owner.
Location
State NE
County Dixon
Area Other Default
Zoning Commercial
Multi-Unit Info
Total Units 8
Unit 1 Information SqFt: 800; Bedroom: 2; Bathroom: 1; FullBath: 1
Unit 2 Information SqFt: 800; Bedroom: 2; Bathroom: 1; FullBath: 1
Unit 3 Information SqFt: 800; Bedroom: 2
Unit 4 Information SqFt: 800; Bedroom: 2; Bathroom: 1; FullBath: 1
Interior
Heating Heat Pump
Cooling Heat Pump
Exterior
Parking Features None
Building
Sewer City
Water City
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Listed by J & M Real Estate Group Inc.
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