Three 4-Plexes of Baldwin Ave

3625, 3633 & 3641 Baldwin Ave, Lincoln, NE 68504

  • For Sale $1,200,000
  • Property Type Multi-Family
  • Property Size 10,928 SF
  • Units 12
  • Lot Size 0.16 Acre
  • Building Class B
  • Year Built 1977
  • Date Updated Apr 22, 2024
The buildings are conveniently located just off the University of Nebraska-Lincoln's East Campus and only a few blocks west of Nebraska Wesleyan University, because of this perfect location this investment enjoys easy access to a continuously expanding pool of tenants. The area's recent development, including the Leighton District, signifies growth and revitalization, and contributing to steady rent growth.This investment consists of three 4-plex buildings, all 2 bed 1 bath units, collectively generating a monthly gross income of $10,455 across all properties. Several significant maintenance expenses for the property have been addressed within the last five years. Many of the apartments have been converted to all electric units, helping to consolidate utilities for tenants. These properties offer a clear value-added opportunity with potential for rent increases, bringing them to market rent and creating more cashflow for a new owner. Upon viewing the properties you will notice that there is immense pride of ownership in these units.

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Highlights

  • Located just off of University of Nebraska-Lincoln's East Campus and just west of Nebraska Wesleyan
  • Near multiple retail corridors on N 48th St as well as Cornhusker Hwy
  • Newer roofs and many upgraded/newer mechanicals
  • Value Add opportunity through increasing rent to market rates

Contacts

broker

Boomer Peterson

Lee & Associates - Nebraska

(531) 721-2888

Location

Getting Around

  • Walk Score ®

    38/100 Car-Dependent

  • Transit Score ®

    33/100 Some Transit

  • Bike Score ®

    76/100 Very Bikeable
Powered by Walk Score ®
  • City Lincoln, NE
  • Neighborhood University Place
  • Zip Code 68504
  • Market Omaha

Points of Interest

  • Train Depot

    2.68 miles

  • Lincoln

    2.84 miles

  • Phillips 66

    0.43 miles

  • Kwik Shop - Gas Station

    0.75 miles

  • Casey's General Store

    0.75 miles

  • Kwik Shop

    0.77 miles

  • Shell

    0.98 miles

  • Kwik Shop

    1.06 miles

  • Casey's General Store

    1.07 miles

  • Kwik Shop

    1.26 miles

  • Phillips 66

    1.36 miles

  • Casey's General Store

    1.40 miles

  • Fleming Fields/Woodside Park

    0.32 miles

  • Turbine Flats parking lot

    1.50 miles

  • School Visitors

    1.61 miles

  • Wyuka

    1.63 miles

  • School

    1.68 miles

  • 19th & Vine Street Parking Garage

    1.79 miles

  • Assurity Parking

    1.98 miles

  • 14th & Avery Garage

    2.00 miles

  • Park

    2.02 miles

  • Library

    2.07 miles

  • King's Inn Motel

    0.40 miles

  • Oak Tree Inn Lincoln

    0.87 miles

  • Microtel Inn & Suites by Wyndham Lincoln

    1.10 miles

  • Red Roof Inn & Suites Lincoln

    1.22 miles

  • Comfort Suites University

    1.36 miles

  • Fairfield Inn & Suites Lincoln

    1.36 miles

  • La Quinta Inn by Wyndham Lincoln

    1.42 miles

  • Sharon Motel

    1.47 miles

  • Great Plains Motel

    1.82 miles

  • New Victorian Suites Lincoln

    1.83 miles

  • Arby's

    0.38 miles

  • Hog Wild Pit Bar-B-Q

    0.46 miles

  • UNL Dairy Store

    0.64 miles

  • Subway

    0.66 miles

  • Amigos

    0.68 miles

  • Kings Classic

    0.68 miles

  • Raising Cane's

    0.70 miles

  • Perfect Diner

    0.77 miles

  • Pepperjax Grill

    0.79 miles

  • Kelly's Yogurt

    0.80 miles

  • University of Nebraska - Lincoln East Campus

    0.43 miles

  • University of Nebraska - Lincoln (East Campus)

    0.52 miles

  • UNMC College of Dentistry

    0.65 miles

  • University of Nebraska College of Law

    0.65 miles

  • Huntington School

    0.71 miles

  • Clinton School

    0.84 miles

  • Nebraska Wesleyan University

    1.02 miles

  • Hartley Elementary School

    1.24 miles

  • Riley Elementary School

    1.29 miles

  • Dawes Junior High School

    1.30 miles

  • University Child Care

    1.55 miles

  • Adventure Academy

    1.98 miles

  • Academic Advantage Child Center

    2.12 miles

  • La Petite Academy of Lincoln

    2.73 miles

  • Montessori School for Young Children

    2.83 miles

  • North Creek Childhood Development Center

    2.84 miles

  • Kelly's Kids LDC, Inc.

    3.34 miles

  • Highlands Academy Inc

    3.66 miles

  • Krayon Campus

    3.83 miles

  • 4 Views Academy

    4.03 miles

Frequently Asked Questions

What is the lease rate for Three 4-Plexes of Baldwin Ave?

Rental asking rate at Three 4-Plexes of Baldwin Ave is $600,000.00/YR.

What is the total square footage of Three 4-Plexes of Baldwin Ave?

Three 4-Plexes of Baldwin Ave totals 10,928 square feet.

When was this property built?

Three 4-Plexes of Baldwin Ave was built in 1977.

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Contact Listing Broker

broker

Boomer Peterson

Lee & Associates - Nebraska

(531) 721-2888