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Property Details

Sold Date:2021-06-09 09:40:00
Sold Price:80,000

Property Description

8-unit Class C Apartment in Chadron, NE. Formerly a hotel. The manager’s office is a 3bd home that rents for $900, plus 6 efficiency units ($350/month), 2 1-bedroom units ($425/month), and a laundry room.

Potential monthly income of $3,850. Gas, electric, water, sewer, internet, cable, taxes & insurance add up to about $1,500 in owner monthly expenses.

There is a lot of upward potential with the apartment but will require updates and renovations in some areas.  Apartment is priced way below normal cap rates and comparable value to reflect such. 

Requires 48 hr notice to view.

All information has been provided by sources deemed reliable, however accuracy is not guaranteed. Prospective buyers are responsible to verify all information to their satisfaction. Offering is subject to approval of purchase by owner, prior sale, price change, correction, or withdrawal without notice. There may be variations between the property boundary & the location of existing fences. There may also be variations as to the specific acreage within the boundary of the property. Seller makes no warranties in this regard. Maps are based upon legal description and not to scale. The location of the property boundary and existing fences is approximate. Maps are for visual aid with accuracy not guaranteed.