Log In/Sign Up
Your email has been sent.
Hillcrest Multi-Family Investment 340 E 14th St 8 Unit Apartment Building $419,000 ($52,375/Unit) Alliance, NE 69301
Investment Highlights
- Eight-unit multifamily property with a mix of one- and two-bedroom apartments.
- Recent improvements include roof, hot water heater, and appliance upgrades.
- On-site laundry facility provides an additional income source.
- Tenants pay their own electric utilities, supporting operating efficiency.
- Individual mini-split cooling systems are installed throughout the property.
- Located near schools, healthcare services, employers, and downtown Alliance.
Executive Summary
Hillcrest Apartments presents an exceptional opportunity to acquire a professionally maintained 8-unit multifamily investment property in the growing regional community of Alliance, Nebraska. Offering a desirable unit mix of six 2-bedroom, 1-bath apartments and two 1-bedroom, 1-bath apartments, this income-producing asset combines stable in-place cash flow with meaningful upside through future rental growth.
Positioned in an established residential neighborhood near schools, parks, healthcare, and major employers, Hillcrest Apartments has consistently attracted long-term tenants and has benefited from Alliance's steady demand for affordable housing. With numerous recent capital improvements already completed, investors can focus on maximizing returns rather than deferred maintenance.
Whether expanding an existing portfolio or completing a 1031 exchange, Hillcrest Apartments represents an attractive opportunity to acquire a well-maintained multifamily asset with proven performance and long-term appreciation potential.
Positioned in an established residential neighborhood near schools, parks, healthcare, and major employers, Hillcrest Apartments has consistently attracted long-term tenants and has benefited from Alliance's steady demand for affordable housing. With numerous recent capital improvements already completed, investors can focus on maximizing returns rather than deferred maintenance.
Whether expanding an existing portfolio or completing a 1031 exchange, Hillcrest Apartments represents an attractive opportunity to acquire a well-maintained multifamily asset with proven performance and long-term appreciation potential.
Property Facts
| Price | $419,000 | Building Class | C |
| Price Per Unit | $52,375 | Lot Size | 0.31 AC |
| Sale Type | Investment | Building Size | 6,466 SF |
| No. Units | 8 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1977 |
| Property Subtype | Apartment | Parking Ratio | 0.75/1,000 SF |
| Apartment Style | Low-Rise | ||
| Zoning | Z-04 - Multi-family apartment use | ||
| Price | $419,000 |
| Price Per Unit | $52,375 |
| Sale Type | Investment |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.31 AC |
| Building Size | 6,466 SF |
| No. Stories | 2 |
| Year Built | 1977 |
| Parking Ratio | 0.75/1,000 SF |
| Zoning | Z-04 - Multi-family apartment use |
Amenities
Unit Amenities
- Air Conditioning
- Dishwasher
- Kitchen
Site Amenities
- Tenant Controlled HVAC
- Storage Space
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 6 | - | - |
| 1+1 | 2 | - | - |
1 1
Fairly walkable
40/100
Exceptionally drivable
100/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 070029695 | Improvements Assessment | $270,677 |
| Land Assessment | $31,185 | Total Assessment | $301,862 |
Property Taxes
Parcel Number
070029695
Land Assessment
$31,185
Improvements Assessment
$270,677
Total Assessment
$301,862
1 of 10
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
1 of 1
