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32047562
32047532

1600 Stone Street, Falls City, NE 68355 For Sale

$450,000
80 days on market
Updated 80 days ago

1600 Stone Street

Details
Property Type Retail, Multifamily (+1)
Sub Type Restaurant, Convenience Store (+1)
Square Footage 10,600
Cap Rate 10.73%
NOI $48,300
Occupancy 100%
Tenancy Multi
Lot Size (SqFt) 6,100
Ground Lease No

Multi use commercial building with 3 storefronts and 3 apartments

Marketing description

The owner also currently owns 2 more buildings adjacent to this one, 1604 and 1606 stone street. Both of those buildings are similar in condition. Each of those buildings hold one apartment and one street level business. They are also available for sale at $180,000 per building.

Investment highlights

A turn key commercial building situated in the heart of Falls City's business district on Stone Street. The 3-2nd story apartments are well maintained and recently renovated. The currently are full furnished and include all the need home good. These apartments are furnished to the point that the tenants just bring suitcase weather its for short term rentals or full-time leases. Currently utilities are included in the rents but each unit does have separate utilities.

On the street level there are 3 business spaces that hold a radio station, an antique mall and a former hair salon. These units pay their own utilities each

Listing Contacts

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$48,300.00
$4,025.00/mo

Valuation Metrics

0
DSCR
10.73%
Cap Rate
10.73%
ROI

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