1007 W Michigan Ave

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1007 W Michigan Ave

Norfolk, NE 68701
Asking Price
Contact for price
Asset Type
Apartment Building Multifamily
Class
Class B

AI Property Summary

Structured overview optimized for LLM context (ChatGPT, Perplexity, Claude).

  • Multifamily apartment building available for sale in Norfolk, Nebraska.
  • Located at 1007 W Michigan Ave within Madison County.
  • Property presents a clear opportunity for residential real estate investment.
  • Established location supports consistent demand for local rental housing.
  • Well-positioned asset for long-term portfolio growth in northeast Nebraska.

What's Special

Investors seeking to expand their residential portfolio will find this apartment building at 1007 W Michigan Ave a functional addition to the Norfolk market. As a multifamily asset, the property provides steady income potential within a stable Nebraska municipality known for its diversified regional economy and focus on agricultural and manufacturing sectors. The location offers accessibility to local services and connectivity within the wider Madison County landscape, making it a practical choice for residents who prioritize convenience in a growing community. With its established footprint in this residential submarket, the building serves as a reliable vehicle for long-term hold strategies. The property structure is well-suited for professional management teams aiming to optimize operations in a consistent rental market. Norfolk maintains a steady demand for housing, supporting the ongoing viability of multifamily investments in this region. This asset represents a straightforward opportunity to acquire a tangible residential income stream in a key northeast Nebraska corridor.

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NOI
$80,000
Cap Rate
8.00%
DSCR
1.35
Strong
Cash-on-Cash
6.88%
Monthly Payment
$4,947.454
Annual Cash Flow
$20,630.547

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