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2142 Southwood Place , Portfolio

Lincoln, NE 68512
  • $1,450,000
  • STATUS: Active
  • MLS #: 22501988
UPDATED: 30 min ago
$1,450,000
  • 16
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 8,646
    SQFT
  • $168
    $/SQFT
Type:
Multi-Family
Built:
1984
County:
Area:

School Information

Elementary School:
Middle School:
High School:
School District:

Description

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.

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Listing information © 2025 Great Plains Regional MLS. The information relating to real estate for sale on this website comes from the Internet Data Exchange program of the Great Plains Regional MLS. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed accurate by the MLS or Selling The Midwest | Berkshire Hathaway Home Services. Data last updated 2025-02-09T08:34:17.243.
www.sellingthemidwest.org/homes/159632087
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2142 Southwood Place , Portfolio Lincoln, NE 68512

  • Price: $1,450,000
  • Status: Active
  • On Site: Days
  • Updated: 30 min ago
  • MLS #: 22501988
16
Beds
0
Baths
0
½ Baths
N/A
Acres
8,646
SQFT
$168
$/SQFT
1984
Built
Neighborhood:
See Attached Document For Addresses And Legal Descriptions.
County:
Lancaster
Area:
Lancaster
Elementary School:
Hill
Middle School:
Scott
High School:
Southwest
School District:
Lincoln
Property Description
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.
Exterior Features

Attached Garage YN Yes Carport YN No Covered Spaces 8 Fencing Other Foundation Details Other Garage YN Yes Lot Features Up to 1/4 Acre. Parking Features AttachedDetached Parking Total 8

Interior Features

Basement YN Yes Building Area Total 8646 Fireplace YN Yes Fireplaces Total 2 Heating Other FuelOther Heating YN Yes

Property Features

Association Fee 800 Association Fee Frequency Monthly Association YN Yes Maintenance Expense 14500 New Construction YN No Ownership CondominiumFee Simple Property Condition Not New and NOT a Model Property Sub Type Multi Family REO NO Sewer Public Sewer Tax Annual Amount 15900 Tax Year 2024 Total Actual Rent 10360 Water Source Public

Listing information © 2025 Great Plains Regional MLS.
Listing provided by Derek Kats of Keller Williams Lincoln: .


Listing information © 2025 Great Plains Regional MLS. The information relating to real estate for sale on this website comes from the Internet Data Exchange program of the Great Plains Regional MLS. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed accurate by the MLS or Selling The Midwest | Berkshire Hathaway Home Services. Data last updated 2025-02-09T08:34:17.243.
 
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