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1135 Sumner StreetLincoln, NE 68502

$279,000
28 days on market

5bd
3ba
2,540 sqft

Description

This well maintained conversion triplex offers a fantastic investment opportunity with a monthly rental income of $2,475. Possibility of getting to $2600. The property features three distinct units, each with private entrances that maximize space and comfort. Each unit includes functional kitchen spaces, cozy living areas, and full bathrooms, making them highly attractive to tenants. Located in the near south neighborhood close to transit and schools, this triplex benefits from steady tenant demand. All units are occupied and have a year long leas. With minimal maintenance requirements and recent upgrades to key systems like new HVAC, Water heater, new roof with high impact shingles, foundation work with a 25 year transferable warranty, flooring, etc. This property is designed for effortless ownership and reliable cash flow. Whether you’re a seasoned investor or just starting, this triplex offers a strong return on investment with room to grow in the future.

Home Highlights

Outdoor
Porch
A/C
Heating & Cooling
Price/Sqft
$110

Home Details for 1135 Sumner Street

Interior Features

Interior Details

Basement: Partially Finished

Beds & Baths

Number of Bedrooms: 5
Number of Bathrooms: 3
Number of Bathrooms (main level): 1

Dimensions and Layout

Living area: 2540 Square Feet

Appliances & Utilities

Appliances: Range - Cooktop + Oven, Refrigerator, Washer, and Dryer
Laundry: Below Grade

Heating & Cooling

Heating: Gas and Forced Air
Air Conditioning: Central Air

Levels, Entrance & Accessibility

Flooring: Two

Exterior Features

Exterior Home Features

Patio / Porch: Porch
Fencing: Wood
Foundation: Stone

Parking & Garage

Parking: No Garage

Water & Sewer

Sewer: Public Sewer

Finished Area

Finished Area (above surface): 2000 Square Feet
Finished Area (below surface): 540 Square Feet

Property Information

Year Built

Year Built: 1905

Property Type / Style

Property Type: Residential
Property Subtype: Triplex

Building

Not a New Construction
Attached Property

Lot Information

Lot Area (sqft): 7500 sqft
Lot Area (acres): 0.18 acres

Property Information

Condition: Not New and NOT a Model
Parcel Number: 1035225003000

Property Taxes

Year: 2024
Tax: $4,282

Price & Status

Price

List Price: $279,000
Price Per Sqft: $110

Status

MLS Status: Active
Days on the Market: 28

Location

Direction & Address

City: Lincoln
Subdivision: DAWSONS ADDITION SOUTH LINCOLN

School Information

Elementary School: Everett
Elementary School District: Lincoln Public Schools
Middle School: Irving
Middle School District: Lincoln Public Schools
High School: Lincoln High
High School District: Lincoln Public Schools

Agent & Terms

Listing Agent

MLS ID: 22428878

Terms

Listing Terms: Cash, Conventional, and FHA

Get More Information / Schedule Tour

acre team

ACRE Realty Group - NextHome Integrity

(402) 730-0845

Phone

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Listing provided by

Matt Schulte, 402-617-2828
Launch Realty, LLC