802 S 1st St

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802 S 1st St

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 802 S 1st St.
  • Property is situated within the city of Norfolk, Nebraska.
  • Strategic regional location supports steady residential housing demand.
  • Asset type suitable for long-term rental income investment strategies.
  • Well-positioned to serve tenants in an established Nebraska market.

What's Special

Norfolk serves as a key economic hub in northeastern Nebraska, providing a central location for regional commerce and community services. This multifamily asset at 802 S 1st St is situated within this established city, benefiting from proximity to local employment centers and essential transit routes that support a consistent demand for housing. The property functions as an apartment building, representing an addition to the local residential inventory. Investors and operators in this submarket may find the location suitable for long-term rental income strategies given the city's role in the surrounding regional economy. The site configuration and asset classification align with standard multifamily investment profiles found throughout the community, offering a practical path for those looking to expand their footprint in a stable Nebraska market. Whether managed as a stabilized investment or integrated into a broader portfolio of residential holdings, the building provides a functional space for tenants who prioritize accessibility within Norfolk.

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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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