201 W Monroe Ave

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201 W Monroe 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 purchase in Norfolk Nebraska.
  • Located at 201 W Monroe Ave within the city limits.
  • Property supports residential rental income strategies for commercial investors.
  • Norfolk functions as an essential economic hub for northeast Nebraska.
  • Asset provides a practical opportunity for portfolio growth in multifamily.

What's Special

This multifamily apartment building at 201 W Monroe Ave in Norfolk, Nebraska, is currently available for purchase by investors seeking to expand their residential holdings. The property serves as a stable addition to a portfolio in this growing regional hub, which benefits from its role as a primary center for commerce and agriculture in northeast Nebraska. Norfolk offers a steady local economy supported by diverse industry and retail, making it a reliable environment for multi-unit residential operations. Potential buyers might utilize this asset for long-term rental income or strategic portfolio diversification within the local market. Its central location allows for convenient access to city services and major roadways, supporting consistent demand from prospective tenants in the area. Given the sustained interest in regional multifamily assets, this building provides a practical entry point or expansion opportunity for those focused on income-producing real estate in the Norfolk submarket.

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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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