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Cheever Apartments 1648 N 56th 18 Unit Apartment Building $2,424,072 CAD ($134,671 CAD/Unit) Lincoln, NE 68504
Investment Highlights
- Prime Location: 3 Minutes from Nebraska Wesleyan, 4 Minutes from UNL East Campus, Vasa Fitness, Target, Hy-Vee, Chick-fil-A, Raising Cane’s, and more.
- Desirable Unit Mix: 18 units (6 one-beds, 12 two-beds) with 83% fully remodeled and light value-add upside on remaining units.
- New Roof: Brand-new warrantied EPDM roof installed in 2024.
Executive Summary
Meadowlark Apartments are situated just off 56th & Holdrege Street down the street from UNL's East Campus. 89% of units are 800+ SF with 83% remodeled.
Property Facts
| Price | $2,424,072 CAD | Building Class | C |
| Price Per Unit | $134,671 CAD | Lot Size | 0.40 AC |
| Sale Type | Investment | Building Size | 15,960 SF |
| No. Units | 18 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1974 |
| Property Subtype | Apartment | Parking Ratio | 1.25/1,000 SF |
| Apartment Style | Low-Rise | ||
| Zoning | R6 - Residential District | ||
| Price | $2,424,072 CAD |
| Price Per Unit | $134,671 CAD |
| Sale Type | Investment |
| No. Units | 18 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.40 AC |
| Building Size | 15,960 SF |
| No. Stories | 2 |
| Year Built | 1974 |
| Parking Ratio | 1.25/1,000 SF |
| Zoning | R6 - Residential District |
Amenities
Unit Amenities
- Disposal
- Heating
- Kitchen
- Refrigerator
- Oven
- Range
Site Amenities
- 24 Hour Access
- Tenant Controlled HVAC
- Trash Pickup - Curbside
- Walk-Up
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 6 | - | 729 |
| 2+1 | 12 | - | 844 |
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Property Taxes
| Parcel Number | 17-16-320-001-000 | Improvements Assessment | $1,621,469 CAD |
| Land Assessment | $147,829 CAD | Total Assessment | $1,769,298 CAD |
Property Taxes
Parcel Number
17-16-320-001-000
Land Assessment
$147,829 CAD
Improvements Assessment
$1,621,469 CAD
Total Assessment
$1,769,298 CAD
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Cheever Apartments | 1648 N 56th
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