180 multi-family units listed for sale in Lincoln, Nebraska just one mile away from the University of Nebraska’s campus. The asset is originally 1960s vintage and 40% of the units have already been gut-renovated. The offering presents a strong value-add potential as there is a 16% gap between current rents and market rents. Newer leases are being signed for 13% higher than existing leases. Attractive amenities include a pool located in the middle of the complex. Pricing guidance is $13,500,000 which is $75K/Unit and stabilizes this property at a 7.81% cap in year 3.
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