Active

2142 Southwood Place Unit: Portfolio

Lincoln NE, 68512

$1,450,000


$167.71 per sqft

Active

16 Beds

8,646 sqft

Multi-family

Built in 1984

Rare opportunity to purchase a performing 7-unit portfolio of well-maintained townhomes and townhome style condos. 2 @ 3-Bed Units and 5 @ 2-Bed Units. Five units in Southwood, 2 units at Capital Beach. $125,000 in annual rent income. Fully rented, most tenants are long term. Leases are well under market value leaving much room for improvement. All units come with forced air furnace and central air conditioning. All units come with a garage. All measurements, inputs, and financials are estimated due to MLS not having a category for single family portfolio sales. Buyer assumes all responsibility for verifying inputs and measurements. Annual Estimates: $124,320 Rental Income. $15,900 Taxes. $6,700 Insurance (portfolio policy). $9,600 HOA. $1,500 Utilities (Trash Only). $14,000 Maintenance (at 1% of value). Southwood Place House Addresses = 2142, 2201, 2215, 2219, 2227 Southwood Pl. The Capitol Beach House Addresses = 509 and 511 NW 16th St. Seller will ONLY sell as a package.

22501988

MLS ID

January 22, 2025

Listed

February 21, 2025

Updated

Interior Features

Bedrooms

16


Fireplace

Yes


Cooling

No


Heating

Yes


Heating Description

Other Fuel, Other

Exterior/Building Features

Lot Features

Up to 1/4 Acre


Sewer

Public Sewer

School Information

School District

Lincoln


High School

Southwest


Elementary School

Hill

Other Property Details

Area Name

Lancaster


Taxes

$15,900


Tax Frequency

Annually


Association Fee

$800


Association Fee Frequency

Monthly


Garage

Yes


Garage Spaces

8


Parking

Attached, Detached


Parking Total

8


View

No


County

Lancaster


Water Source

Public


Pool

No

Listed by Derek Kats, Keller Williams Lincoln, 402-328-0200

Based on information from Great Plains Regional MLS, Inc. as of 2/21/2025. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing.  Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

©2025 Great Plains Regional MLS. All rights reserved.

Data last updated 3:24 AM UTC, 2/21/2025

 

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