207 North Calvert Ave., Sutton, NE

Multi-family for Sale - $249,999 - 6,912 Sq. Ft. on 0.8 acres

Agent Info

Michael Fernandes
RecoveRE Holdings, LLC

Property Info

  207 North Calvert Ave.
  Sutton NE 68979
UpdatedOctober 16th, 2023
Building6,912 Sq. Ft.
Land0.8 acres

Attached Documents

Property Description

An Investors Dream @ 50 cents on the dollar!!! Just 45 minutes from Lincoln, NE, the state capital sits an a property. High Cap Rate, $150,000 in equity & an ARV of $552,000. For just $249k you are getting an 8 unit, 16 bed, 8 bath property consisting of 2 side by side buildings setup as a mini complex on 2 separate lots that together boast over 6,900 sqft of living space & a combined 8/10 of an acre, about 34,000 sqft. At 80% occupied with a rental revenue of $60,000 per year with the ability to increase rents another $14,000 per year, by doing some minor cosmetic renovations bringing it from the current $800 per unit to $950 per unit per month. By simply putting $15,000 to $20,000 in cosmetic renovations per unit, between the interior and exterior of both buildings, you won't only get a high cap of 26% rate and good monthly returns, but you'll also get a combined A.R.V of $552,000 for both buildings which equates to $150,000 in equity in just 60 days after closing, after renovations. This is one of those Home Runs investors look for, don't let this one pass you by!!! If I wasn't so far away I would keep it for myself.


By simply adding $15-$20k in cosmetic renovations per unit it will get you an additional $150.00 per month, per unit in rental revenue plus $150,000 in equity that you can cash out by refinancing or flipping this property retail as a turn key rental. Buy as-is for $249,999 and in 60 days with minor cosmetic renovations end up with a property with an ARV of $550,000 @ $80 per sqft.