804 S 1st Street

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804 S 1st 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 available for purchase in Norfolk Nebraska.
  • Located at 804 S 1st Street with convenient city access.
  • Situated within the established regional market of northeastern Nebraska.
  • Property serves local residential demand in a growing community.
  • Functional residential investment asset for a diverse portfolio.

What's Special

Norfolk serves as a key economic hub in northeastern Nebraska, providing a stable foundation for residential demand within the region. This multifamily apartment building located at 804 S 1st Street sits within this established community, benefiting from local infrastructure and proximity to essential services. The asset provides a practical addition to an investment portfolio, catering to the ongoing need for rental housing among the local workforce and residents of this growing market. Its scale and configuration make it a functional choice for investors seeking exposure to the multifamily sector in a secondary market. Given the ongoing development of the area, this property stands as a viable option for those looking to acquire residential real estate in a consistent and centrally located part of Nebraska.

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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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