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519 E North Street, Ponca, NE 68770

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For Sale

$800,000

6,400 sqft

Estimated Payment

$      /mo. †

APR for 30 years

Change Loan Terms

  • Multi-Family (2-4 Units)
    Property type

  • Newly Listed
    Time on Century 21

  • $125.00
    Price per square foot

  • 41-50 Years Old
    Age

Explore this Property

Opportunity knocks with this turn-key, fully renovated 8-unit multifamily building located in the heart of Ponca, Nebraska, a thriving small town with a rich community spirit and excellent access to local amenities. Situated at 519 E. North Street, this property boasts modern upgrades, consistent cash flow, and minimal maintenance needs, making it an ideal investment for any portfolio. Key Features: Full Renovation: All 8 units have undergone complete renovations, including: Updated Bathrooms featuring modern fixtures. Luxury Vinyl Tile (LVT) Flooring installed in every unit, offering durability and easy maintenance. New Lighting and Fresh Paint in all units, creating a bright and contemporary atmosphere for tenants. Common Areas: In 2024, the hallways were refreshed with new paint and flooring, ensuring a welcoming environment throughout the building. Roof Replacement: The roof was replaced in 2020, adding long-term value and peace of mind for the next owner. Fully Leased: All units are currently occupied, providing immediate and stable rental income. Property Details: Unit Mix: Eight 2-bedroom units, each providing spacious living for tenants. Location: Ponca, Nebraska, offers small-town charm with easy access to local amenities, parks, and recreational opportunities. The property is located near the downtown area, providing residents with nearby conveniences like grocery stores, restaurants, and Ponca State Park, which is just a short drive away. Investment Highlights: Strong Rental Demand: Ponca s peaceful community and proximity to larger towns like Sioux City, IA, make it a desirable location for tenants seeking quiet living with easy commuting options. Low Maintenance: Recent renovations throughout the building minimize the need for immediate capital expenditures, allowing investors to focus on maximizing returns. Attractive Cash Flow: With all units leased, the property provides steady rental income from day one. Agent is owner.
MLS# 826706

Courtesy Of J & M Real Estate Group Inc.

(605) 232-1819

Property Features

  • Age
    41-50 Years Old
  • Amenities
    Dock
  • Architecture Style
    Other
  • Heating System
    Heat Pump
  • Lot Size
    1 Acres

Map and Directions

Directions to 519 E North Street, Ponca, NE 68770

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Copyright © 2024 Northwest Iowa Regional Board of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified. Information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

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This information is provided for general informational purposes only and should not be relied on in making any home-buying decisions. School information does not guarantee enrollment. Contact a local real estate professional or the school district(s) for current information on schools. This information is not intended for use in determining a person's eligibility to attend a school or to use or benefit from other city, town or local services.

† Based on a 30-year fixed rate of 3.38% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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