213 10Th AveLyman, NE 69352

For Sale
$68,000

Nebraska rental property, high cap rate.

Overview

Added:
Dec 11, 2024
Days on market:
92
This Lyman, Nebraska multifamily property presents a compelling investment opportunity. Priced at $68,000, this property boasts a 17.65% cap rate and a net operating income (NOI) of $12,000. The property consists of two single-family homes totaling 1,563 square feet on a 0.25-acre lot. One home features two bedrooms and one bathroom, while the other offers one bedroom and a ¾ bathroom. The property includes a detached garage with power and a swamp cooler, along with a garden shed. Utilities are tenant-paid. While currently vacant, the property has a projected occupancy date of October 14, 2024. The homes, built in 1931, are situated on separate meters and show some updates to plumbing and water heaters. While roofs require replacement, they are currently leak-free. The property benefits from a working water pump and is zoned residential. Minor cosmetic updates, such as cleaning and painting, are recommended. This property offers significant potential for rental income, making it an attractive investment in a growing rental market. The property is located at 213 10th Ave, Lyman, NE 69352.

Highlights

  • $68,000 asking price for a two-unit multifamily property in Lyman, Nebraska.
  • 17.65% cap rate with a $12,000 annual net operating income (NOI).
  • Two single-family homes totaling 1,563 square feet on a 0.25-acre lot.
  • Property currently vacant, with projected occupancy starting October 14, 2024.
  • Built in 1931, featuring two one-story buildings.

Property Details for 213 10Th Ave

Property type
Multifamily properties, Residential income homes
Square Feet
1,563 SF
Year Built
1931
Buildings
2
Stories
1
Lot Size (sq. ft)
10,890 SF
Units
2

Location Insight

City
Lyman
County
Scotts Bluff
State
Nebraska
Latitude
41.915435176928
Longitude
-104.04461942911
213 10Th Ave, Lyman, Nebraska

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213 10Th Ave
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