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1135 Sumner Street Lincoln, NE 68502
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Key Details
Sold Price $255,000
Property Type Multi-Family
Sub Type Triplex
Listing Status Sold
Purchase Type For Sale
Square Footage 2,540 sqft
Price per Sqft $100
Subdivision Dawsons Addition South Lincoln
MLS Listing ID 22507768
Sold Date 05/07/25
Style 2 Story
Bedrooms 5
Construction Status Not New and NOT a Model
HOA Y/N No
Year Built 1905
Annual Tax Amount $4,282
Tax Year 2024
Lot Size 7,840 Sqft
Acres 0.18
Lot Dimensions 50' x 150.
Property Sub-Type Triplex
Property Description
This well maintained conversion triplex offers a fantastic investment opportunity with a monthly rental income of $2,475. Possibility of getting to $2600. The property features three distinct units, each with private entrances that maximize space and comfort. Each unit includes functional kitchen spaces, cozy living areas, and full bathrooms, making them highly attractive to tenants. Located in the near south neighborhood close to transit and schools, this triplex benefits from steady tenant demand. All units are occupied and have a year long leas. With minimal maintenance requirements and recent upgrades to key systems like new HVAC, Water heater, new roof with high impact shingles, foundation work with a 25 year transferable warranty, flooring, etc. This property is designed for effortless ownership and reliable cash flow. Whether you're a seasoned investor or just starting, this triplex offers a strong return on investment with room to grow in the future.
Location
State NE
County Lancaster
Area Lancaster
Rooms
Basement Partially Finished
Interior
Heating Forced Air
Cooling Central Air
Appliance Dryer, Range - Cooktop + Oven, Refrigerator, Washer
Heat Source Gas
Laundry Basement
Exterior
Exterior Feature Porch
Parking Features None
Fence Wood
Building
Lot Description Alley, In City, Public Sidewalk
Foundation Stone
Lot Size Range Up to 1/4 Acre.
Sewer Public Sewer, Public Water
Water Public Sewer, Public Water
Construction Status Not New and NOT a Model
Schools
Elementary Schools Everett
Middle Schools Irving
High Schools Lincoln High
School District Lincoln Public Schools
Others
Tax ID 10-35-225-003-000
Ownership Fee Simple
Acceptable Financing Conventional
Listing Terms Conventional
Financing Conventional
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Bought with Excel Realty Group LLC