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Multifamily

Downtown Beatrice Apartments

723 Ella St, Beatrice, NE 68310

Listing Price: $1,350,000

Cap Rate
8.84%
Number of Units
23
GRM
6.37
Occupancy
79.0%
Price/Unit
$58,696
Price/Gross SF
$72.71
Gross SF
18,566

Investment Overview

Marcus & Millichap is pleased to present the Downtown Beatrice Apartments, a three-property, 23-unit portfolio located in Beatrice, NE.

723 Ella Street is a 15-unit, three-story, brick and concrete construction property built in 1928. It is located on a corner lot with an included parking lot, and has a basement which includes unfinished units. 715 Ella Street is a 950 SF single family residence located adjacent to 723 Ella Street, offering alley accessibility. 305 N 7th Street is a seven-unit, three-story, brick and concrete construction property built in 1910 & located on a corner lot.

Investment Highlights

  • Value-Add Opportunity to Increase Revenue
  • Well-Maintained Mechanicals and Recent Improvements
  • Walkable to Downtown Beatrice's Mixed Use Retail & Office Corridor
  • Low Property Tax Basis
  • Rural Town, Isolated from Higher Traffic Count
  • Attractive Cap Rate, Value-Add Opportunity

Broker of Record

  • Jon Ruzicka

    First Vice President Investments

    (952) 852-9700

    License(s) NE: 20200223

    Nebraska

Multifamily

Downtown Beatrice Apartments

Listing Price: $1,350,000

Cap Rate
8.84%
Number of Units
23
GRM
6.37
Occupancy
79.0%
Price/Unit
$58,696
Price/Gross SF
$72.71
Gross SF
18,566

Investment Highlights

  • Value-Add Opportunity to Increase Revenue
  • Well-Maintained Mechanicals and Recent Improvements
  • Walkable to Downtown Beatrice's Mixed Use Retail & Office Corridor
  • Low Property Tax Basis
  • Rural Town, Isolated from Higher Traffic Count
  • Attractive Cap Rate, Value-Add Opportunity

Investment Overview

Marcus & Millichap is pleased to present the Downtown Beatrice Apartments, a three-property, 23-unit portfolio located in Beatrice, NE. 723 Ella Street is a 15-unit, three-story, brick and concrete construction property built in 1928. It is located on a corner lot with an included parking lot, and has a basement which includes unfinished units. 715 Ella Street is a 950 SF single family residence located adjacent to 723 Ella Street, offering alley accessibility. 305 N 7th Street is a seven-unit, three-story, brick and concrete construction property built in 1910 & located on a corner lot.

Broker of Record

  • Jon Ruzicka

    First Vice President Investments

    (952) 852-9700

    License(s): NE: 20200223

    Nebraska

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