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26671049
26671050

221 W Francis St, North Platte, NE 69101

GK
NE NE 20160671, IA IA S67651000
Investors Realty Inc
JS
NE NE 20210625
Investors Realty Inc
Listed by Investors Realty Inc
$3,725,000
271 days on market
Updated 1 day ago

6th Dimension Apartments

Details
APN 0019558
Property Type Multifamily
Sub Type Apartment Building
Square Footage 55,598
Net Rentable (SqFt) 55,598
Units 42
Cap Rate 6.75%
NOI $251,515
Occupancy 100%
Price per SqFt $67
Broker Co-Op Yes
Class B
Year Built 1974
Buildings 3
Stories 3
Acreage 3.260
Zoning R3 Dwelling District
Parking Spaces 50 spaces
Parking Per SqFt 0.90
Investment Type Stabilized

Meticulously maintained 42 unit apartment property with garages

Marketing description

Situated in North Platte, a vibrant community nestled amidst the sweeping Nebraska landscapes, lies a meticulous ensemble of residential excellence—a sprawling 42-unit apartment complex harmoniously complemented by 42 garage units. This property finds its place adjacent to the esteemed Great Plains Health Campus, offering not just a residence, but a lifestyle of unparalleled convenience and connectivity amidst the heart of natural beauty and modern amenities. The North Platte community is experiencing booming employment growth fueled by industrial expansion, inland port, and healthcare services.

Contact broker to schedule a property tour and to gain access to deal room.

Investment highlights

A mix of one, two, and three bedroom units

Premier location on Francis Street allows tenants to walk to Great Plains Health Hospital, District 177 Shopping Mall, and many other services and retailers

All units feature a patio or balcony as well as washer and dryer hook ups

Common area pool and picnic area

Coin operated laundry in each building

Kitchens in each unit include oven/stove, refrigerator, and dishwasher

Electric panel in every unit replaced in 2024

On site resident manager and manager's office

High quality construction with concrete poured floors

All building water is serviced from common area water softener system

100% occupancy and a tenant waitlist for more than two years

All tenants pay one month's rent as a security deposit and pass background checks

New boilers in 2022 and 2025

Secured building entryways

Listing Contacts

GK
NE NE 20160671, IA IA S67651000
Investors Realty Inc
JS
NE NE 20210625
Investors Realty Inc
Listed by Investors Realty Inc

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Loan Amount
$0.00
Annual Debt Service
$--
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Annual Cash Flow
$251,515.00
$20,959.58/mo

Valuation Metrics

0
DSCR
6.75%
Cap Rate
6.75%
ROI

Map

Zoning

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R3 ResidentialMulti FamilyResidential Dwelling
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Last updated May 25, 2026 For deeper zoning details, reports are available at Zoneomics

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Property History

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Additional Information

Name
Grant Kobes, CCIM
License
NE 20160671
Brokerage
Investors Realty, Inc.
Brokerage Phone
402-330-8000
Title
Broker
Brokerage Address
12500 I Street
Name
Jarrot Simon
License
NE 20210625
Brokerage Address
12500 I Street
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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