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1940 S Cotner Blvd 17 Unit Apartment Building $3,013,362 CAD ($177,257 CAD/Unit) Lincoln, NE 68506
Investment Highlights
- Four-building, 17-unit Multifamily investment opportunity
- Positioned in the 48th Street corridor, near Bryan Medical Center East Campus
- Potential for value-add through lease roll and optimization of operations
- 94% occupancy
- Original hardwood floors, updated bathroom and kitchen appliances, onsite laundry, large off-street parking area
Executive Summary
1940 S Cotner Blvd. presents investors with the opportunity to acquire a well-located, neighborhood-scale apartment and townhome portfolio located in the established 48th Street corridor. With steady leasing velocity and high lease renewal rates, 1940 S Cotner has attractive, straightforward operations in a stable Southeast Lincoln location.
The property provides investors with in-place cash flow while also offering a clear path to future upside through rental growth and operating efficiencies. With 17 units, the asset presents a manageable value-add opportunity for a hands-on owner seeking to enhance revenue and optimize expenses over time. In particular, self-management could provide a meaningful opportunity.
This property appeals to tenants due to its ample green space, off-street parking, and functional housing in a quiet residential setting. 1940 S Cotner also attracts a broad tenant base due to its unit mix, creating durable tenant appeal and livability for small families, as well as individuals looking for a one-bedroom in a great location.
The property provides investors with in-place cash flow while also offering a clear path to future upside through rental growth and operating efficiencies. With 17 units, the asset presents a manageable value-add opportunity for a hands-on owner seeking to enhance revenue and optimize expenses over time. In particular, self-management could provide a meaningful opportunity.
This property appeals to tenants due to its ample green space, off-street parking, and functional housing in a quiet residential setting. 1940 S Cotner also attracts a broad tenant base due to its unit mix, creating durable tenant appeal and livability for small families, as well as individuals looking for a one-bedroom in a great location.
Property Facts
| Price | $3,013,362 CAD | Building Class | C |
| Price Per Unit | $177,257 CAD | Lot Size | 1.11 AC |
| Sale Type | Investment | Building Size | 14,252 SF |
| No. Units | 17 | Average Occupancy | 94% |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built | 1950 |
| Apartment Style | Garden | Parking Ratio | 2.95/1,000 SF |
| Zoning | R2 | ||
| Price | $3,013,362 CAD |
| Price Per Unit | $177,257 CAD |
| Sale Type | Investment |
| No. Units | 17 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 1.11 AC |
| Building Size | 14,252 SF |
| Average Occupancy | 94% |
| No. Stories | 2 |
| Year Built | 1950 |
| Parking Ratio | 2.95/1,000 SF |
| Zoning | R2 |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 3+1 | 4 | - | - |
| 2+1 | 8 | - | - |
1 1
Moderately walkable
60/100
Very drivable
80/100
Limited public transit
30/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 17-32-118-022-000 | Improvements Assessment | $1,608,313 CAD |
| Land Assessment | $186,281 CAD | Total Assessment | $1,794,594 CAD |
Property Taxes
Parcel Number
17-32-118-022-000
Land Assessment
$186,281 CAD
Improvements Assessment
$1,608,313 CAD
Total Assessment
$1,794,594 CAD
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1940 S Cotner Blvd
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