533 Iver StValparaiso, NE 68065

Property Details for 533 Iver St

Year built

2004

Property size (Sq ft)

3,503 SF

Property type

Residential income homes

Description

This exceptional four-unit multifamily property in Valparaiso, Nebraska, presents a compelling investment opportunity. The 3,503-square-foot building, constructed in 2004 and situated on a 12,500-square-foot lot, boasts a Class B rating and is currently 100% occupied. Each of the four units offers two bedrooms, one bathroom, a living room, kitchen, dining area, in-unit laundry, and an oversized attached single-car garage with ample storage. Recent exterior renovations include a new roof and siding, and the property's mechanical systems have also been updated. The property is zoned for commercial use and is conveniently located just one block from the main street, offering easy access to amenities. Furthermore, its proximity to Lincoln (a 15-minute drive) adds to its appeal. All four units are currently leased on a month-to-month basis, providing immediate cash flow and the potential for future rent increases to align with current market rates. This meticulously maintained property, owned and cared for by the same family for two decades, represents a turnkey investment with significant upside potential. The asking price is $440,000, translating to $125.61 per square foot. One parking space is available per unit.

Location Insight

City

Valparaiso

County

Saunders

State

Nebraska

Latitude

41.0781

Longitude

-96.8306

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