Log In/Sign Up
Your email has been sent.
Cheever Apartments 1648 N 56th 18 Unit Apartment Building $1,782,000 ($99,000/Unit) Lincoln, NE 68504
Investment Highlights
- Prime Location: 3 Minutes from Nebraska Wesleyan, 4 Minutes from UNL East Campus, Vasa Fitness, Target, Hy-Vee, Chick-fil-A, Raising Cane’s, and more.
- Desirable Unit Mix: 18 units (6 one-beds, 12 two-beds) with 83% fully remodeled and light value-add upside on remaining units.
- New Roof: Brand-new warrantied EPDM roof installed in 2024.
Executive Summary
Meadowlark Apartments are situated just off 56th & Holdrege Street down the street from UNL's East Campus. 89% of units are 800+ SF with 83% remodeled.
Property Facts
| Price | $1,782,000 | Building Class | C |
| Price Per Unit | $99,000 | Lot Size | 0.40 AC |
| Sale Type | Investment | Building Size | 15,960 SF |
| No. Units | 18 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1974 |
| Property Subtype | Apartment | Parking Ratio | 1.25/1,000 SF |
| Apartment Style | Low-Rise | ||
| Zoning | R6 - Residential District | ||
| Price | $1,782,000 |
| Price Per Unit | $99,000 |
| Sale Type | Investment |
| No. Units | 18 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.40 AC |
| Building Size | 15,960 SF |
| No. Stories | 2 |
| Year Built | 1974 |
| Parking Ratio | 1.25/1,000 SF |
| Zoning | R6 - Residential District |
Amenities
Unit Amenities
- Disposal
- Heating
- Kitchen
- Refrigerator
- Oven
- Range
Site Amenities
- 24 Hour Access
- Tenant Controlled HVAC
- Trash Pickup - Curbside
- Walk-Up
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 6 | - | 729 |
| 2+1 | 12 | - | 844 |
1 1
Property Taxes
| Parcel Number | 17-16-320-001-000 | Improvements Assessment | $1,184,600 |
| Land Assessment | $108,000 | Total Assessment | $1,292,600 |
Property Taxes
Parcel Number
17-16-320-001-000
Land Assessment
$108,000
Improvements Assessment
$1,184,600
Total Assessment
$1,292,600
1 of 2
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
1 of 1
Presented by
Cheever Apartments | 1648 N 56th
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.
Your message has been sent!
Activate your LoopNet account now to track properties, get real-time alerts, save time on future inquiries, and more.