105 4Th StBeatrice, NE 68310

For Sale
$1,300,000

High-Cash Flow, Value-Add Opportunity

Overview

Added:
Dec 11, 2024
Days on market:
92
This exceptional mixed-use property, located at 105 N 4th St, Beatrice, NE 68310, presents a compelling value-add investment opportunity. The three-story, 26,052 square foot building, constructed in 1900, boasts 25 apartment units and additional storefront space, currently housing 27 tenants with a 92.5% occupancy rate. The property sits on a 6,500 square foot lot and is zoned for commercial use. The current Net Operating Income (NOI) stands at $119,398, yielding a 9.18% cap rate. However, a pro-forma NOI of $136,198 projects a 10.48% cap rate, reflecting the significant upside potential. Recent improvements by the current owner include upgrades to common areas, apartment renovations, and essential structural and infrastructure enhancements. This property offers immediate cash flow and substantial room for rent increases, making it an attractive investment in the thriving downtown Beatrice market. The asking price is $1,300,000, translating to $49.90 per square foot. This is a multi-tenant property with significant potential for increased profitability.

Highlights

  • 92% occupancy ensures immediate cash flow.
  • High-demand location in a thriving market.
  • Modern, efficient building systems minimize operating expenses.
  • Strong tenant roster with long-term leases.
  • Significant upside potential through lease renewals and rent increases.

Property Details for 105 4Th St

Property type
Other retail properties, Individual retail properties
Square Feet
26,052 SF
Year Built
1900
Buildings
1
Stories
3
Units
25

Location Insight

City
Beatrice
County
Gage
State
Nebraska
Latitude
40.265984960739
Longitude
-96.749472569472
105 4Th St, Beatrice, Nebraska

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105 4Th St
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