305 7th St Beatrice, NE 68310-2912

This exceptional multifamily investment opportunity comprises three buildings totaling 23 units in Beatrice, Nebraska. The portfolio includes a 15-unit, three-story brick and concrete building at 723 Ella Street, constructed in 1928, featuring a corner lot, parking, and a basement with unfinished units. An adjacent 950 square foot single-family residence at 715 Ella Street offers alley access. A seven-unit, three-story brick and concrete building at 305 N 7th Street, built in 1910, sits on a corner lot. The combined portfolio boasts 16,080 square feet on a 0.41-acre lot. The asking price is $1,350,000, representing $58,695.65 per unit and $83.96 per square foot. The current Net Operating Income (NOI) is $119,395, yielding an 8.84% cap rate, with a pro-forma NOI of $138,827 and a pro-forma cap rate of 10.28%. The property benefits from well-maintained mechanical systems, recent improvements, and a walkable location near downtown Beatrice's retail and office corridor. The low property tax basis and rural location offer additional investment advantages. This value-add opportunity presents significant potential for increased revenue.