Excellent investment opportunity in a centrally located neighborhood! This well-maintained apartment building features five spacious 2-bedroom, 1-bath units, offering consistent rental income and strong tenant appeal. Total gross rental income comes to $32,000 annually, and tenants pay their own utilities (owner pays only for garbage service). One unit includes in-unit washer & dryer, while four other units can use the newly built coin-operated laundry room located in the basement for supplemental income. This property also includes a 4-car garage, with 2 bays currently rented at $600/year for extra income. This income-producing property is ideal for investors seeking low-maintenance cash flow with upside potential. With separately metered utilities and additional income streams, this property is a smart buy.
For sale
Price cut: $20K (6/12)
$410,000
422 Lincoln St, Wayne, NE 68787
--beds
5baths
4,170sqft
Est.:
Apartment
Built in ----
-- sqft lot
$-- Zestimate®
$98/sqft
$-- HOA
What's special
Coin-operated laundry roomIn-unit washer and dryer
- 62 days
- on Zillow |
- 237 |
- 5 |
Zillow last checked: 7 hours ago
Listing updated: June 12, 2025 at 08:09am
Listed by:
Neil Carnes,
NEBRASKA REALTY
Source: Columbus BOR NE,MLS#: 20250248
Travel times
Tour with a buyer's agent
Tour with a buyer's agent
Facts & features
Interior
Bedrooms & bathrooms
- Bathrooms: 5
Appliances
- Included: Refrigerator, Cooktop
- Laundry: Inside
Features
- Formal Living Area, Living/Dining Combo
- Flooring: Carpet
- Windows: Drapes
- Has basement: Yes
Interior area
- Total structure area: 4,170
- Total interior livable area: 4,170 sqft
Property
Parking
- Total spaces: 4
- Parking features: Four, Detached
- Garage spaces: 4
Features
- Levels: Multi/Split,Two
- Stories: 2
- Entry location: Unit 1 Location(M),Unit 2 Location(M),Unit 3 Location(U),Unit 4 Location(U),Unit 5 Location(U)
Lot
- Size: 0.34 Acres
- Dimensions: 100x150
Details
- Parcel number: 0004124.00
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Apartment
Materials
- Frame
- Roof: Asphalt
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Seperate
Community & HOA
HOA
- Deposit fee: $2,093
Location
- Region: Wayne
Financial & listing details
- Price per square foot: $98/sqft
- Tax assessed value: $245,385
- Annual tax amount: $3,124
- Price range: $410K - $410K
- Date on market: 5/23/2025
- Total actual rent: 31200
- Tenant pays: Electricity, Water
- Income includes: Rent Only
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