For Sale
$800,000
519 North St Ponca, NE 68770
8-Unit Multifamily, Turn-Key Investment
Overview
- Added:
- Dec 11, 2024
- Days on market:
- 132
Highlights
- 8-unit apartment building in Ponca, Nebraska, completely renovated in 2022.
- 6,400 square feet of net rentable space, currently 100% occupied, generating $40,000 annual NOI ($50,000 pro-forma NOI).
- Eight two-bedroom units with updated bathrooms, luxury vinyl tile, and new lighting.
- Common area renovations completed in 2024; roof replaced in 2020; eight parking spaces.
- Located at 519 E. North St., Ponca, NE; Class B building.
- $800,000 asking price ($100,000 per unit); 5% cap rate (6.25% pro-forma).
Property Details for 519 North St
- Property type
- Apartment buildings
- Square Feet
- 6,400 SF
- Class
- B
- Year Built/Renovated
- 1982/2022
- Buildings
- 1
- Stories
- 2
- Units
- 8
Location Insight
- City
- Ponca
- County
- Dixon
- State
- Nebraska
- Latitude
- 42.5674125
- Longitude
- -96.703097
Nearby Comparable
FAQs
- What type of property is this?
- Apartment building - 8-Unit Multifamily, Turn-Key Investment
- Where is the apartment building located?
- The property is located at 519 North St Ponca, NE.
- What is the asking price?
- The asking price for this property is $800,000.
- What are key features of this property?
- This property features: 8-unit apartment building in Ponca, Nebraska, completely renovated in 2022.; 6,400 square feet of net rentable space, currently 100% occupied, generating $40,000 annual NOI ($50,000 pro-forma NOI).; Eight two-bedroom units with updated bathrooms, luxury vinyl tile, and new lighting.
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