502 N Oak

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502 N Oak

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 situated at 502 N Oak within the city
  • Regional hub supporting diverse local employment opportunities
  • Functional residential investment for local portfolio expansion
  • Positioned for consistent demand in the Northeast region

What's Special

Norfolk serves as a regional hub for commerce and industry in Northeast Nebraska, supported by a steady workforce and a diverse agricultural and manufacturing base. This multifamily apartment building at 502 N Oak occupies a functional position within the city, providing proximity to local employment centers and essential community services. The property is well-positioned for investors seeking a residential asset in a stable Midwestern market characterized by consistent housing demand. Multifamily properties in this area often cater to long-term residents and professionals working within the local industrial corridor. Prospective owners may utilize the site for ongoing rental income operations, leveraging the steady population growth observed throughout the region. The asset presents a straightforward addition to a local portfolio, benefiting from established neighborhood infrastructure and access to major regional transit routes.

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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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