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31340306
31340310

1955 12th St, Gering, NE 69341 For Sale

DG
NE 20020291
Nebraska Realty
Listed by Nebraska Realty
$295,000
113 days on market
Updated 19 days ago

1955 12th Street,

Details
APN 010057129
Property Type Multifamily
Sub Type Single Family Rental Portfolio
Square Footage 2,600
Units 2
Cap Rate 11.86%
NOI $35,000
Occupancy 50%
Pro-Forma Cap Rate 11.86%
Pro-Forma NOI $35,000
Price per SqFt $113
Year Built 1913/1939
Year Renovated 2025
Buildings 2
Stories 1
Lot Size (SqFt) 7,000
Zoning Residential
Parking Spaces 1 spaces
Parking per 1,000 SqFt 0.38
Investment Type Owner/User
Ownership Fee Simple

Duplex - Possible Tri-plex

Marketing description

Great Location, live on main floor - basement could be renovated to a 2 bedroom unit with its own entrance to add additional rental income - Unit has been completely renovated on the main floor with all new windows, flooring, painting, Open porch area looks onto a beautiful park in Gering. 3 bedrooms brand new bathroom and all new kitchen. Property has an additional 764+/-SF home that has been updated as well, current tenant is long term currently rents for $650/month. One of a kind opportunity for a VRBO or rental property. Lots of potential as a rental. Located in the heart of Gering, within a few blocks to the city's newest elementary School, within a quarter mile to 10th Street, Arterial street leading to Scottsbluff, and less than a mile to Highway 71 leading also to Scottsbluff and to the south Kimball.

Listing Contacts

DG
NE 20020291
Nebraska Realty
Listed by Nebraska Realty

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Loan Amount
$0.00
Annual Debt Service
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Annual Cash Flow
$35,000.00
$2,916.67/mo

Valuation Metrics

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DSCR
11.86%
Cap Rate
11.86%
ROI

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Additional Information

Name
Donna Garl
License
20020291
Brokerage
Nebraska Realty
Brokerage Phone
308-631-1576
Title
Real Estate Salesperson
Brokerage Address
818 Avenue B
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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