Log Cabin Apartments
Chadron, Nebraska

New
$80,000
Current Price
MLS #
001765
Taxes
$1,491.70
Type
Commercial
Bedrooms
N/A
Bathrooms
N/A
Property Size
75x140
Total Square Footage:
0
Above Grade:
Below Grade:
Style:
Multi-Unit
Heat Type:
N/A
Cooling Type:
N/A
Built:
1930
-
Bedrooms
-
Bathrooms
75x140
Property Size
8
Photos

Description

10-unit Class C Apartment in Chadron, NE. Formerly a hotel. The manager’s office is a 3bd home that rents for $900, plus 5 efficiency units ($350/month), 4 1-bedroom units ($425/month), and a laundry room.

Current monthly income is $2,450, currently 4 vacancies and potential monthly income of $4,000. Gas, electric, water, sewer, internet, cable, taxes & insurance add up to about $1,500 in owner monthly expenses.

There is a lot of upward potential with the apartment but will require updates and renovations in some areas.  Apartment is priced way below normal cap rates and comparable value to reflect such. 

Requires 48 hr notice to view.

Listing Agency

Western View Real Estate

269 Main Street
Chadron, Nebraska 69337
Listing Agent