For Sale
$1,300,000

105 4Th St Beatrice, NE 68310

High-Cash Flow, Value-Add Opportunity

Overview

Added:
Dec 11, 2024
Days on market:
131
This exceptional mixed-use property, located at 105 N 4th St, Beatrice, NE 68310, presents a compelling value-add investment opportunity. The three-story, 26,052 square foot building, constructed in 1900, boasts 25 apartment units and additional storefront space, currently housing 27 tenants with a 92.5% occupancy rate. The property sits on a 6,500 square foot lot and is zoned for commercial use. The current Net Operating Income (NOI) stands at $119,398, yielding a 9.18% cap rate. However, a pro-forma NOI of $136,198 projects a 10.48% cap rate, reflecting the significant upside potential. Recent improvements by the current owner include upgrades to common areas, apartment renovations, and essential structural and infrastructure enhancements. This property offers immediate cash flow and substantial room for rent increases, making it an attractive investment in the thriving downtown Beatrice market. The asking price is $1,300,000, translating to $49.90 per square foot. This is a multi-tenant property with significant potential for increased profitability.

Highlights

  • 92% occupancy ensures immediate cash flow.
  • High-demand location in a thriving market.
  • Modern, efficient building systems minimize operating expenses.
  • Strong tenant roster with long-term leases.
  • Significant upside potential through lease renewals and rent increases.

Property Details for 105 4Th St

Property type
Retail properties, Mixed-use properties
Square Feet
26,052 SF
Year Built
1900
Buildings
1
Stories
3
Units
25

Location Insight

City
Beatrice
County
Gage
State
Nebraska
Latitude
40.265984960739
Longitude
-96.749472569472

FAQs

What type of property is this?
Retail property - High-Cash Flow, Value-Add Opportunity
Where is the retail property located?
The property is located at 105 4Th St Beatrice, NE.
What is the asking price?
The asking price for this property is $1,300,000.
What are key features of this property?
This property features: 92% occupancy ensures immediate cash flow.; High-demand location in a thriving market.; Modern, efficient building systems minimize operating expenses.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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105 4Th St
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