421 Capitol Beach Boulevard
13 Units | Value-Add Opportunity | Separately Metered Gas & Electric | 22 Parking Stalls
Marketing description
421 Capital Beach Boulevard presents a 13-unit multifamily investment opportunity located near the Capital Beach area in west Lincoln, Nebraska. The property consists of six 1-bedroom units, six 2-bedroom units, and one studio unit, offering a diverse unit mix with operational flexibility and additional value-add potential for investors.
Current ownership has maintained the property with separately metered gas and electric utilities while ownership currently pays water, sewer, and trash. The property also includes on-site laundry facilities, six additional storage closets with potential supplemental income opportunities, and approximately 22 off-street parking stalls for tenant use.
Several units have been renovated, while additional units provide future upside through continued interior improvements and rental adjustments. Current ownership operates primarily on month-to-month tenancy structures, allowing flexibility for repositioning, lease restructuring, or renovation strategies.
Recent capital improvements include a roof replacement completed in August 2021 per ownership. Two vacant units are currently available, allowing immediate access for property tours and lease-up opportunities for new ownership.
The property benefits from convenient access to West O Street, downtown Lincoln, employment corridors, shopping, and recreational amenities surrounding the Capital Beach district.
Investment highlights include:
• 13-unit apartment building in west Lincoln
• Unit mix: 6 one-bedrooms, 6 two-bedrooms, 1 studio
• Separately metered gas and electric
• Approximately 22 off-street parking stalls
• On-site laundry facility
• Additional storage income potential
• Roof replaced August 2021
• Value-add upside through continued renovations
• Flexible month-to-month tenancy structure
• Immediate showing access with current vacancies
Buyer to verify all financials, square footage, taxes, and property information independently. Additional investor package materials, rent roll information, and financial documentation available upon request.
Investment highlights
- 3-unit multifamily investment opportunity in west Lincoln near Capital Beach
- Unit mix includes six 1-bed/1-bath units, six 2-bed/1-bath units, and one studio unit
- Current ownership operates property with month-to-month leases, allowing operational flexibility for new ownership
- Separately metered gas and electric utilities
- Owner currently pays water, sewer, and trash
- 22 off-street parking stalls included for tenant use
- Additional income potential from six on-site storage closets
- On-site laundry facility
- Roof replaced in August 2021 per ownership
- Several renovated units with additional value-add potential remaining
- Two vacant units currently available for immediate showings and lease-up opportunity
- Convenient access to West O Street, downtown Lincoln, and Capital Beach area amenities
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