713 S 3rd Street

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713 S 3rd Street

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 at 713 S 3rd Street in Norfolk.
  • Property is situated in the northeastern region of Nebraska.
  • Norfolk serves as a key commercial hub for the surrounding area.
  • Investment potential for operators seeking steady rental income streams.
  • Site offers proximity to regional infrastructure and local economic centers.

What's Special

This multifamily apartment building at 713 S 3rd Street provides a residential investment opportunity within Norfolk, Nebraska. The property is positioned in a regional hub that serves as a center for commerce and industry in the northeastern portion of the state. Norfolk maintains a steady economic landscape driven by a mix of manufacturing, healthcare, and retail sectors, making it a reliable market for rental housing demand. The asset serves as a functional addition to a local portfolio, catering to a diverse tenant base looking for accessible living options in this established community. Given the layout and residential nature of the site, the property is suitable for long-term hold strategies focusing on steady occupancy and reliable income generation. Investors may find the location advantageous due to its proximity to local services and infrastructure that support the daily needs of the area workforce and residents alike.

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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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