http://cascademultifamily.com/
Tranquility Apartments | Lincoln, NE
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4541 Tranquility Dr
Lincoln, NE 68504
Purchase Price
$3,250,000
Cap Rate
7.50%
Property Type
Multifamily
Rentable Square Feet
29,320
Price per Unit
$81,250.00
Number of Units
40
Zoning
R2
APN
1708106035000
Property Description
Cascade Commercial successfully represented the seller for this multifamily property consists of two separate 20 unit buildings with a private parking lot and 26 garages. Ten days on the market was sufficient to attract a local buyer with adding to their existing Lincoln portfolio. With a strong unit mix of 1, 2 and 3 bedroom units and updated laundry facilities on-site, the property has benefitted from major capital improvements in the form of new roofs in 2022 and new stairs and walkways in 2023. In conjunction with interior unit upgrades, current ownership has invested over $400,000 in capital improvements over the past 4 years.