501 W Norfolk Ave

    Norfolk, NE 68701
    • $575,000
    • STATUS: Active
    • ON SITE: 103 days
    • MLS #: 180518
    $575,000
    • 0
      BEDS
    • N/A
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Multi-Family
    Area:

    School Ratings & Info

    Description

    Here is your chance to own a truly unique and lucrative investment property on the Riverpoint in historic and vibrant downtown Norfolk. It is a true lve here work here property that combines 11 spacious upgraded apartments (6 one bedroom and 5 two bedroom) with low vacancy and over 12,000 square feet of commercial/retail space. The commercial space is currently divided into 4 separate retail locations and a sizable storage space in the rear of the building. Three of the 4 retail spaces are currently leased. (See attached pro-forma cash flow in associated documents). Dont miss out on this rare chance to own commercial and multi-family space in one of the hottest commercial real estate sub-markets in Northeast Nebraska.

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    © 2019 Norfolk Board of Realtors MLS. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Berkshire Hathaway HomeServices Premier Real Estate. Data last updated: 2019-08-21T00:06:42.993.
    www.columbuspremierrealestate.com/homes/94585470

    501 W Norfolk Ave Norfolk, NE 68701

    • Price: $575,000
    • Status: Active
    • MLS #: 180518
    0
    Beds
    0
    Baths
    0
    ½ Baths
    N/A
    Acres
    Neighborhood:
    Se Norfolk
    Area:
    Se Norfolk
    Property Description
    Here is your chance to own a truly unique and lucrative investment property on the Riverpoint in historic and vibrant downtown Norfolk. It is a true lve here work here property that combines 11 spacious upgraded apartments (6 one bedroom and 5 two bedroom) with low vacancy and over 12,000 square feet of commercial/retail space. The commercial space is currently divided into 4 separate retail locations and a sizable storage space in the rear of the building. Three of the 4 retail spaces are currently leased. (See attached pro-forma cash flow in associated documents). Dont miss out on this rare chance to own commercial and multi-family space in one of the hottest commercial real estate sub-markets in Northeast Nebraska.
    Exterior Features

    Construction Brick Garage Type None Roof Flat Style Other

    Interior Features

    Appliances Applies To AllRefrigeratorStoveOther Basement No Safety Features Smoke Detector Unit Features CarpetLiv/Din ComboKit/Din ComboInside Util RmComn Outsid EntComn Util Room

    Property Features

    Income Net Income $3472 Income Rent See Attach Income Total Gross 4630 Leases Yes Miscellaneous Separate MetersMaster MetersIndiv Watr HeatIndividual HeatIndividual AirSecurity Depost No Of Stories One Sale Rent For Sale Security Deposit Yes Tax Year 2017 Taxes $9444.20 Type Other Utilities Other Utilities Paid By Owner WaterGarbage Utilities Paid By Renter GasElectricityCable Water And Sewer City WaterCity Sewer

    Listing information © 2019 Norfolk Board of Realtors MLS.
    Listing provided courtesy of Russell Wilcox of Real Estate Solutions Team.


    © 2019 Norfolk Board of Realtors MLS. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Berkshire Hathaway HomeServices Premier Real Estate. Data last updated: 2019-08-21T00:06:42.993.
     
    Berkshire Hathaway HomeServices Premier Real Estate
    4471 41st Ave. Ste 202
    Columbus NE, 68601