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875-885 25th St 6 Unit Apartment Building $450,000 ($75,000/Unit) Lincoln, NE 68503
Executive Summary
875 N 25th Street presents an opportunity to acquire a six-unit multifamily property with significant value-add potential in the heart of Lincoln. Currently 100% vacant, the property offers investors the rare ability to renovate, reposition, and lease the asset without the challenges of existing tenant displacement. Its manageable size makes it well-suited for an owner-operator or investor seeking to create value through strategic improvements and hands-on management.
The property's vacancy provides a blank slate to renovate units to today's rental standards and establish a new market rental rate from day one. With five two-bedroom units and one one-bedroom unit, the building appeals to a broad tenant base in an established neighborhood with convenient access to downtown, the University of Nebraska, employers, shopping, and major transportation corridors.
The property's vacancy provides a blank slate to renovate units to today's rental standards and establish a new market rental rate from day one. With five two-bedroom units and one one-bedroom unit, the building appeals to a broad tenant base in an established neighborhood with convenient access to downtown, the University of Nebraska, employers, shopping, and major transportation corridors.
Property Facts
Amenities
Site Amenities
- Laundry Facilities
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 1 | - | 711 |
| 2+1 | 5 | - | 837 |
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Moderately walkable
70/100
Moderately drivable
60/100
Good public transit
60/100
Very bikeable
80/100
Property Taxes
| Parcel Number | 10-24-235-002-000 | Improvements Assessment | $348,000 |
| Land Assessment | $23,600 | Total Assessment | $371,600 |
Property Taxes
Parcel Number
10-24-235-002-000
Land Assessment
$23,600
Improvements Assessment
$348,000
Total Assessment
$371,600
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875-885 25th St