2500 J Street, Lincoln NE 68510

$490,000

Description

2500 J St is a 1958 five-plex in Lincoln, NE 68510, fully occupied. The two questions investors ask about a building this age are electrical & condition. Both are documented. A complete electrical modernization replaced fuse panels with individual apartment breaker boxes, added a separate house panel, expanded load for future dishwashers & kitchen upgrades, & relocated meters to LES requirements. Permitted, code-compliant & completed by a certified electrician. 4 two-bedroom units with large kitchens & dedicated garage stalls, one 1-bedroom, & off-street parking for every unit. Each apartment has a private back entry & stairs to a fenced yard on an 85x125 lot (10,625 sq/ft). Apartments separately metered. Water heaters 2020 or newer. Basement storage per tenant & a shared laundry area with tenant-owned machines. Recent work: interior paint, new common-area carpet, replaced concrete & updated landscaping. Minutes from downtown Lincoln, UNL & neighborhood retail. On a bus route.