6-Plex For Sale in Lexington, NE 68850 Always 100% occupied!

By
Real Estate Broker/Owner with Mike McCann - Broker, Mach1 Realty Farmland Broker-Auctioneer Serving Rural Nebraska

Just Listed: Ranch style 6-plex. 2 Bed units. 504 Monroe Street. Off street parking. East side of Lexington, NE.

Excellent rent history. Tenants pay own utilities and the property expenses include the cost of property management.

 

Sales Price:  $300,000.00

504 Monroe Lexington NE For Sale by Mike McCann Mach1 Realty 2018

 

Still shows a 10.58% Net Operating Income.

New roof and gutters in 2016.  New exterior paint in 2016 and some new siding in 2018.

Built in 1977 and has been full of tenants for many years.

All appliances are in working order.

30 day Due Diligence period if needed. Close following Due Diligence. 

Bank letter confirming funds and/or loan ability required before viewing individual units.

Seller will accept a contract that is contingent on viewing units dueing Due Diligence phase.

This is an excellent unit for first time investors. 

If you are looking for a few more units, possibly consider pairing with 6-plex For Sale @204 W 6th Street ($300K) and/or Triplex for sale at 107 9th Street ($150K)  in Lexington.

That would be 15 units for $750K....Call, text or email for more info.504 Monroe St. Lexington, NE Mike McCann Broker Mach1 Realty

Posted by

 

Mike McCann Nebraska Land Broker This has been Mike McCann...Nebraska Land Broker...Coming to you from the Farm Land of Nebraska and America!! Visit me at www.mikemccann.com to learn more about the agricultural and farm land for sale market. 

Many farms For Sale in Nebraska are not listed publicly...please call, text, or e-mail with your questions, wants, and needs!

Mike is your Ag, Farm, and Auction expert throughout Nebraska!

308-627-3700 and 800-241-3940 call or text me at these numbers or

mike@mikemccann.com for easy e-mail access! Mike McCann Nebraska Land Broker

 

Comments (6)

Valeria Mola
SIB Realty - Miami, Sunny Isles Beach - Sunny Isles Beach, FL
305-607-0709 SIB Realty Condos for Sale and Rent

6-plex and only $300,000? Really good price. Good luck with sale, thank you for great presentation, 
Mike McCann - Nebraska Farm Land Broker 

May 29, 2018 12:22 PM
Debe Maxwell, CRS
www.iCharlotteHomes.com | The Maxwell House Group | RE/MAX Executive | (704) 491-3310 - Charlotte, NC
The right Charlotte REALTOR!

Sounds like a wonderful opportunity for someone looking for some stable income at a great price Mike. Having tenants already in place makes this multi-plex listing very attractive.

May 29, 2018 12:46 PM
Mike McCann - Nebraska Farm Land Broker
Mike McCann - Broker, Mach1 Realty Farmland Broker-Auctioneer Serving Rural Nebraska - Kearney, NE
Farm Land For Sale 308-627-3700 or 800-241-3940

Hi Valeria Mola Thanks for stopping by.  Yes...in Nebraska...you can still buy a 6-plex for $50,000 per unit.  Of course...the rents are lower as well.  And no beach front views like in your neck of the woods. But they do have a river close by....

 

May 29, 2018 12:51 PM
Mike McCann - Nebraska Farm Land Broker
Mike McCann - Broker, Mach1 Realty Farmland Broker-Auctioneer Serving Rural Nebraska - Kearney, NE
Farm Land For Sale 308-627-3700 or 800-241-3940

Hi Debe Maxwell, CRS The town of Lexington, NE is very tight on rentals so they tend to stay quite full and many have waiting lists.  A combination of manufacturing, packing plant, and in influx of multiple minorities looking for work are a driving force behind the economy.  The town is definitely growing.  Thanks for stopping by and leaving a comment!!

May 29, 2018 12:53 PM
Myrl Jeffcoat
GreatWest Realty - Sacramento, CA
Greater Sacramento Real Estate Agent

Congratulations on the new listing, Mike.  Best of luck getting it quickly sold!

May 30, 2018 03:00 AM
Mike McCann - Nebraska Farm Land Broker
Mike McCann - Broker, Mach1 Realty Farmland Broker-Auctioneer Serving Rural Nebraska - Kearney, NE
Farm Land For Sale 308-627-3700 or 800-241-3940

Hi Myrl Jeffcoat   Thanks for stopping by!! This Apartment Building is a perfect property for a younger investor who wants to self-manage and see a great return on investment!  

May 30, 2018 09:29 AM