1942 G Street - 6 Unit Multifamily

Situated just south of Downtown Lincoln, 1942 G Street places residents minutes from the University of Nebraska-Lincoln, the lively Haymarket entertainment district, Bryan Health’s medical campus, and the State Capitol’s government offices. Quick access to US-77/I-180 streamlines commutes to major employers across the metro, while nearby bus lines and bike routes make car-free living easy. Tree-lined residential blocks buffer the property from downtown congestion, yet tenants can walk to coffee shops, local eateries, parks, and grocery options within a few blocks. This blend of urban convenience and neighborhood charm underpins consistent renter demand—an enviable setting for sustained occupancy and long-term value growth.Nestled in one of Lincoln’s most reliable rental pockets, 1942 G Street is a boutique six-unit complex—five spacious 2-bed/1-bath apartments plus one charming 1-bed/1-bath—where five units have just been overhauled with luxury vinyl plank flooring, fresh designer paint, modern fixtures, sleek stainless-steel appliances, and updated vanities. Tenants enjoy coin-operated community laundry and generous off-street parking, while investors benefit from a current NOI of $26,487 and a clear value-add path: self-manage to eliminate third-party fees, push rents to market, and lock in further savings via a newly issued insurance policy priced roughly 50 % below the seller’s historic premium. The result is a turnkey, cash-flowing asset poised to deliver outsized returns and effortless diversification to any multifamily portfolio. Investment Notes • Turn‑Key Interiors – Five of six units fully remodeled with modern finishes, limiting immediate CapEx and positioning the asset for rent growth. • Favorable Insurance Savings – Newly secured policy is approximately 50 % lower than the seller’s historic premium, directly boosting NOI. • Projected Annual NOI – $42,000+ achievable through rent lifts, self‑management savings, and reduced insurance costs. • Value‑Add Levers • Rent Upside: In‑place rents trail market averages for renovated product in the sub‑market. • Self‑Management: Eliminating third‑party fees can further increase cash flow. • Utility & Laundry Income: Coin laundry and potential utility bill‑backs enhance ancillary revenue. • Desirable Unit Mix – Predominantly 2‑bed layouts attract longer‑term tenants such as small families and young professionals. • Parking Advantage – Ample off‑street stalls set the property apart from competing vintage inventory with limited parking. Why 1942 G Street? Positioned between downtown conveniences and quiet residential blocks, the asset benefits from solid tenant demand, easy transit access, and proximity to healthcare, tech, and university employment corridors. With renovation risk largely removed and clear operational levers remaining, this compact multifamily is ideal for the investor seeking: • First entry into multifamily ownership • Diversification from single-family or commercial holdings • A manageable, cash-flowing add-on to an existing portfolio Add 1942 G Street to your holdings and unlock immediate cash flow with room to grow.