111 E Park Ave.

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111 E Park 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 located in Norfolk Nebraska
  • Asset is situated at the address 111 E Park Ave.
  • Property occupies a key position within the northeast Nebraska market
  • Suitable for investors managing residential rental assets
  • Provides housing utility in a stable regional trade center

What's Special

111 E Park Ave. presents a multifamily apartment building situated in the city of Norfolk, Nebraska. This residential asset serves the growing housing needs of this regional hub, which functions as a primary trade and service center for northeast Nebraska. The property is positioned within a community characterized by its stable local economy and consistent demand for rental housing options. Given the layout and unit configurations typical of apartment buildings in this submarket, the site provides a functional footprint for investors seeking to manage a standard multifamily portfolio in a focused, secondary market environment. Potential occupants benefit from the accessible location near local commerce and essential community infrastructure. Whether targeting a long-term hold strategy or repositioning within the regional rental landscape, this asset remains well-positioned to support residential occupancy requirements across Norfolk and the broader Madison County area.

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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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