For Sale
$68,000

213 10Th Ave Lyman, NE 69352

Nebraska rental property, high cap rate.

Property records and analytics

Overview

Added:
Dec 11, 2024
Days on market:
133
This Lyman, Nebraska multifamily property presents a compelling investment opportunity. Priced at $68,000, this property boasts a 17.65% cap rate and a net operating income (NOI) of $12,000. The property consists of two single-family homes totaling 1,563 square feet on a 0.25-acre lot. One home features two bedrooms and one bathroom, while the other offers one bedroom and a ¾ bathroom. The property includes a detached garage with power and a swamp cooler, along with a garden shed. Utilities are tenant-paid. While currently vacant, the property has a projected occupancy date of October 14, 2024. The homes, built in 1931, are situated on separate meters and show some updates to plumbing and water heaters. While roofs require replacement, they are currently leak-free. The property benefits from a working water pump and is zoned residential. Minor cosmetic updates, such as cleaning and painting, are recommended. This property offers significant potential for rental income, making it an attractive investment in a growing rental market. The property is located at 213 10th Ave, Lyman, NE 69352.

Highlights

  • $68,000 asking price for a two-unit multifamily property in Lyman, Nebraska.
  • 17.65% cap rate with a $12,000 annual net operating income (NOI).
  • Two single-family homes totaling 1,563 square feet on a 0.25-acre lot.
  • Property currently vacant, with projected occupancy starting October 14, 2024.
  • Built in 1931, featuring two one-story buildings.

Property Details for 213 10Th Ave

Property type
Residential income homes
Square Feet
1,563 SF
Year Built
1931
Buildings
2
Stories
1
Lot Size (sq. ft)
10,890 SF
Units
2

Location Insight

City
Lyman
County
Scotts Bluff
State
Nebraska
Latitude
41.915435176928
Longitude
-104.04461942911

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FAQs

What type of property is this?
Residential income home - Nebraska rental property, high cap rate.
Where is the residential income home located?
The property is located at 213 10Th Ave Lyman, NE.
What is the asking price?
The asking price for this property is $68,000.
What are key features of this property?
This property features: $68,000 asking price for a two-unit multifamily property in Lyman, Nebraska.; 17.65% cap rate with a $12,000 annual net operating income (NOI).; Two single-family homes totaling 1,563 square feet on a 0.25-acre lot.
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.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
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Contacts

Suzanne Keller
Suzanne Keller
Visit Broker Website

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Useful Information

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10Th Ave
Lyman, NE 69352

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10Th Ave
Lyman, NE 69352

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Disclaimer

The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.

We do not guarantee the accuracy, reliability, or completeness of these estimates, as market conditions, property features, and other factors may affect actual property values. Users should conduct their own due diligence and consult with a real estate professional before making financial or investment decisions.

By using this service, you acknowledge and accept that all estimates are provided for informational purposes only and that this website assumes no liability for any reliance on the provided valuations.

213 10Th Ave
  • Suzanne Keller
    Suzanne Keller
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