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1927 Colfax St Blair, NE 68008

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For Sale
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High-yield multifamily property; excellent ROI.

Property Features for 1927 Colfax St

General Information

Property type
Multifamily properties

Building Details

Year Built
1900
Stories
2
Units
5

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Listing Contact
Travis Svendgard
Travis Svendgard

Listing Agency: NP Dodge Real Estate Blair Listing Agent: Travis Svendgard

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

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Property Insight Report

Overview

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.
Property Profile Insight Report Location Intelligence

Current Use by Public Records

Residential income homes

Suggested Use

Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Auto Repair Shop

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

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  • Local Demand
City
Blair
County
Washington
State
Nebraska
Longitude
-96.1416599
Latitude
41.5405127

FAQs

What type of property is this?
Multifamily property - High-yield multifamily property; excellent ROI.
Where is this multifamily property located?
The property is located at 1927 Colfax St Blair, NE.
What is the asking price?
The asking price for this property is $260,000.
What are key features of this property?
This property features: $260,000 asking price for a 5-unit multifamily property.; 8.24% cap rate with a $21,429 Net Operating Income (NOI).; 100% occupancy.
(402) 426-5619 Call to check price and availability
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