213 10Th Ave Lyman, NE 69352

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.