1927 Colfax StBlair, NE 68008

For Sale
$260,000

High-yield multifamily property; excellent ROI.

Overview

Added:
Dec 11, 2024
Days on market:
92
This exceptional five-unit multifamily investment opportunity is located at 1927 Colfax St, Blair, Nebraska, 68008. The property, built in 1900, boasts a two-story structure situated on a spacious 13,500 square foot lot. The portfolio includes five rental units: one studio, two one-bedroom, and two two-bedroom units, each with one bathroom and equipped with a refrigerator and range/oven. Currently operating at 100% occupancy since October 1, 2001, the property generates a substantial net operating income (NOI) of $21,429, resulting in an attractive 8.24% capitalization rate. The asking price is $260,000. A detached garage and a shared laundry area add to the property's appeal. Tenants are responsible for their own utilities. Recent improvements include a new roof on both the main building and the garage. Several units have undergone updates. The seller provides a 2023 profit and loss report for transparency and due diligence. The gross monthly rent is approximately $2,800. This property presents a strong cash-flowing investment with significant upside potential. The property's location in Blair, Nebraska offers a stable rental market. This is a rare opportunity to acquire a well-maintained, high-performing multifamily property with a proven track record.

Highlights

  • $260,000 asking price for a 5-unit multifamily property.
  • 8.24% cap rate with a $21,429 Net Operating Income (NOI).
  • 100% occupancy.
  • Located at 1927 Colfax St, Blair, NE 68008.
  • Five units: one studio, two one-bedroom, and two two-bedroom units; all with one bath and kitchen appliances.

Property Details for 1927 Colfax St

Property type
Multifamily properties, Residential income homes
Year Built
1900
Stories
2
Units
5

Location Insight

City
Blair
County
Washington
State
Nebraska
Latitude
41.5405127
Longitude
-96.1416599
1927 Colfax St, Blair, Nebraska

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1927 Colfax St
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