Pending contract - showing is for a backup offer. Great triplex in the Near South neighborhood very close to shopping, coffee shop, schools, and hospital etc. The solid brick building entails low maintenance and comes with a newer roof installed in 2021, small fenced yard, 2-car garage, and off-street parking space. Beautiful wood floors throughout. The building consists of 1BR/1BA, large 1BA/BA with office space, and 3BR/2BA units. All units are fully rented for $775, $1015, and $1165 per month. Tenants pay electricity. Very low gas bill only for a water heater. Excellent cash flow for investors. Located on a corner lot with nice curb appeal.
Year Built: 1912
Living Area: 3,173 SqFt
Office Name: Modern Real Estate
Office Phone: (402) 310-2259
Garage Space: 2 spaces
Attached Garage: No
Heating: Electric, Natural Gas, Baseboard
Cooling: Window Unit(s)
Assigned Schools Information:
Lincoln High School, Public District Grades 9-12
Irving Middle School, Public District Grades 6-8
Saratoga Elementary School, Public District Grades PK-5
Directions: Heading west on South St and turn on the 14th.
Listing Price Info
List Price: $325,000
Price Per SqFt: $102/SqFt
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The neighbors living near this home have an average income of $27,541. Most Lincoln, NE residents have annual incomes less than $35k. Typical family type is single, no kids. Most residents in this area have high school diploma education.
What type of housing is available in Near South, Lincoln?
Small apartment buildings are the most common housing type, representing around one third of dwellings in Near South, while large apartment buildings and single detached homes are the main alternatives in the housing stock. This neighborhood experienced its main construction boom pre-1960, so most of the available housing is from this era. This part of the city has a good selection of housing sizes, ranging from lofts to four or more bedrooms. Roughly 70% of the population of this neighborhood rent their home and 30% are owners.
Is Near South, Lincoln a good place to live?
Home buyers who prefer a slower-paced atmosphere will enjoy Near South. It is easy to reach parks since there are a few of them close by for residents to unwind in. This neighborhood is also quiet, as the streets tend to be reasonably tranquil.
Are things conveniently located in Near South, Lincoln?
Locals will welcome that wherever their house is located in Near South, both primary and secondary schools are close by. Apart from public schools, there are private elementary schools. In terms of food, the closest supermarket in Near South is generally only a short walk away. Furthermore, this part of Lincoln is a fairly good place in which to eat out, and property owners can enjoy a few cafes as well.
What does the transportation in Near South, Lincoln look like?
Traveling on foot is reasonably practical for house buyers in Near South; many daily needs can be met by walking. Getting around by public transit is challenging in this area. On the other hand, driving is a reasonably good transportation option in Near South. It is easy to park.
This home is located at 1340 Plum St Unit 3 in Lincoln, NE and zip code 68502 in the Near South neighborhood. This 3,173 square foot home was built in 1912. It has been listed on Rocket Homes since November 16, 2022 and is currently priced at $325,000.
Over 28 listings were sold over their listed price in January 2023 in Lincoln, NE. In the same period over 84 listings were sold below the listed price and 36 listings were sold for the listed price. The number of listings in Lincoln, NE decreased by 0.9% between December 2022 and January 2023. Listings spent 19 days on the market in January 2023, and had a median list price of $261,750 during the same period.
From Rocket Homes Real Estate and based on county public records data.