Listed by Oak Investment Real Estate
$3,750,000
Salt Creek Townhomes
Details
Property Type Multifamily
Sub Type Apartment Building
Square Footage 30,176
Units 22
Cap Rate 6.94%
NOI $260,136
Occupancy 86.36%
Pro-Forma Cap Rate 7.55%
Pro-Forma NOI $283,055
Price per SqFt $124
Class B
Year Built 2003
Buildings 4
Acreage 2.100
Zoning R-4
Investment Type Value Add
86% renovated · 1,372 SF avg · Built 2003 · 3 min to Haymarket
Marketing description
Salt Creek Townhomes is a 22-unit townhome community constructed in 2003, offering spacious housing in a highly accessible West Lincoln location. The property sits just minutes from Downtown Lincoln and key retail corridors, providing strong connectivity to major employment and demand drivers.
Investment highlights
- 86% of Units Renovated: units are fully updated with modern finishes including LVP flooring, upgraded appliances, refreshed cabinetry, and new paint; 10 units include private garages
- Large Floorplans: Average unit size of 1,372 SF offers true townhome living, supporting premium positioning relative to conventional multifamily
- Recent Capital Improvements: New roofs completed in 2021 with over 50% of HVAC systems recently replaced
Listing Contacts
Listed by Oak Investment Real Estate
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$260,136.00
$21,678.00/mo
Valuation Metrics
0
DSCR
6.94%
Cap Rate
6.94%
ROI
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