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