1927 Colfax St Blair, NE 68008
- Residential income homes
Current Use by Public Records
- Residential income homes
Property Details for 1927 Colfax St
- Year built
- 1900
- Property type
- Residential income homes
Description
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.
Value Estimation
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Blair
- County
- Washington
- State
- Nebraska
- Longitude
- -96.1416599
- Latitude
- 41.5405127
