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31846791
31846792

1940 S Cotner Blvd, Lincoln, NE 68506

DW
NE NE20250593
Lee & Associates - Lincoln
DD
NE NE 20030305
Lee & Associates - Lincoln
DG
NE 20061147
Lee & Associates - Lincoln
Listed by Lee & Associates - Lincoln
$2,200,000
45 days on market
Updated 3 days ago

1940 S Cotner Blvd

Details
Property Type Multifamily
Sub Type Apartment Building
Square Footage 14,252
Units 17
NOI $134,915
Occupancy 94%
Tenancy Multi
Year Built 1950
Buildings 4
Acreage 1.110
Investment Type Value Add

Multifamily | 17 Units

Marketing description

1940 S Cotner Blvd. presents investors with the opportunity to acquire a well-located, neighborhood-scale apartment and townhome portfolio located in the established 48th Street corridor. With steady leasing velocity and high lease renewal rates, 1940 S Cotner has attractive, straightforward operations in a stable Southeast Lincoln location.

The property provides investors with in-place cash flow while also offering a clear path to future upside through rental growth and operating efficiencies. With 17 units, the asset presents a manageable value-add opportunity for a hands-on owner seeking to enhance revenue and optimize expenses over time. In particular, self-management could provide a meaningful opportunity.

This property appeals to tenants due to its ample green space, off-street parking, and functional housing in a quiet residential setting. 1940 S Cotner also attracts a broad tenant base due to its unit mix, creating durable tenant appeal and livability for small families, as well as individuals looking for a one-bedroom in a great location.

Investment highlights

  • Four-building, 17-unit Multifamily investment opportunity
  • Four 3 bedroom/1 bathroom units
  • Eight 2 bedroom/1 bathroom units
  • Five 1 bedroom/1 bathroom units
  • 94% occupancy
  • Positioned in the 48th Street corridor, near Bryan Medical Center East Campus
  • Original hardwood floors, updated bathroom and kitchen appliances, onsite laundry, large off-street parking area
  • Potential for value-add through lease roll and optimization of operations

Listing Contacts

DW
NE NE20250593
Lee & Associates - Lincoln
DD
NE NE 20030305
Lee & Associates - Lincoln
DG
NE 20061147
Lee & Associates - Lincoln
Listed by Lee & Associates - Lincoln

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$134,914.72
$11,242.89/mo

Valuation Metrics

0
DSCR
6.13%
Cap Rate
6.13%
ROI

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Additional Information

Name
Drew West
License
NE20250593
Brokerage
Lee & Associates
Brokerage Phone
(531) 721-2888
Brokerage Address
12020 Shamrock Plaza
Name
Dan Dutton
License
NE 20030305
Brokerage
Lee & Associates
Title
Co-Managing Principal
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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