4942 Madison Ave - Apartments FOR SALE


Lincoln, NE 68504
$350,000 USD
402-320-4663
4942 Madison Ave, Lincoln, NE for Sale
$350,000 USD
Apartments - FOR SALE
1/51
null | Request Cap Rate

4942 Madison Ave
Lincoln, NE 68504


HIGHLIGHTS

  • Great rental income
  • One block from college
  • Large, converted mansion into 4-plex

OVERVIEW

Magnificent Mansion conversion to 4-plex with 4640 finished sqft & covered front porch on corner of large, double lot. Amazing investment opportunity one block from Wesleyan University! Currently gets $4090/mo in rent. Massive main floor 4-bed apartment rents by room to 4 tenants & boasts newer high-efficency furnace, hardwood floors, updated kitchen, huge family room area with gorgeous windows and built-ins; easy access to main floor laundry. 2nd Floor has 2 separate apartments - Apt #2 super spacious 3 bed, beautifully remodeled; Apt #2A big studio apartment with 3/4 bath; 3rd floor huge 1+bed apartment. Main floor laundry; off street & street parking. Seller also selling 5-plex at 1224 S 21st Street in Lincoln.

FOR SALE DETAILS

PRICE

$350,000 USD

PRICE/SF

$75 USD /SF

# OF UNITS

4

PRICE/UNIT

$87,500

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1887

PARKING SPACES

6

LAND DETAILS

LAND ACRES

0.23 AC

LAND SF

10,019 SF

ZONING

R6

APN/PARCEL ID

17-17-208-011-000

ASK ABOUT THIS PROPERTY

Gena SchriverNebraska RealtyMore Info
402-320-4663

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Gena SchriverNebraska RealtyMore Info
402-320-4663

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.