519 North StPonca, NE 68770

For Sale
$800,000

8-Unit Multifamily, Turn-Key Investment

Overview

Added:
Dec 11, 2024
Days on market:
92
This exceptional 8-unit apartment building in Ponca, Nebraska presents a compelling investment opportunity. Completely renovated in 2022, the property boasts 6,400 square feet of net rentable space, currently 100% occupied, generating a $40,000 annual NOI (with a pro-forma NOI of $50,000). Each of the eight two-bedroom units features updated bathrooms with modern fixtures, luxury vinyl tile flooring, new lighting, and fresh paint. Common areas received new paint and flooring in 2024. The roof was replaced in 2020. The property includes eight parking spaces. Located at 519 E. North St., this Class B building offers a strong rental demand due to its location in a thriving small town with easy access to amenities and Sioux City, IA. The property's recent renovations minimize maintenance needs, ensuring a low-maintenance investment with immediate and stable cash flow. Built in 1982, this property is priced at $800,000 ($100,000 per unit) and offers a 5% cap rate (6.25% pro-forma). Ponca's welcoming community, excellent schools, and low crime rate contribute to high tenant retention and strong rental income. This turnkey property is ideal for investors seeking immediate returns and long-term growth potential.

Highlights

  • 8-unit apartment building in Ponca, Nebraska, completely renovated in 2022.
  • 6,400 square feet of net rentable space, currently 100% occupied, generating $40,000 annual NOI ($50,000 pro-forma NOI).
  • Eight two-bedroom units with updated bathrooms, luxury vinyl tile, and new lighting.
  • Common area renovations completed in 2024; roof replaced in 2020; eight parking spaces.
  • Located at 519 E. North St., Ponca, NE; Class B building.
  • $800,000 asking price ($100,000 per unit); 5% cap rate (6.25% pro-forma).

Property Details for 519 North St

Property type
Multifamily properties, Apartment buildings
Square Feet
6,400 SF
Class
B
Year Built/Renovated
1982/2022
Buildings
1
Stories
2
Units
8

Location Insight

City
Ponca
County
Dixon
State
Nebraska
Latitude
42.5674125
Longitude
-96.703097
519 North St, Ponca, Nebraska

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
Please email our support team at [email protected] and they will add the team member.
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.
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 unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].
519 North St
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your first name
Please enter your last name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Select size
Please enter message