Rose Hill Apartments | 519 E North St
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Rose Hill Apartments 519 E North St
8 Unit Block of Flats £631,200 (£78,900/Unit) 5% Net Initial Yield Ponca, NE 68770
Executive Summary
Opportunity knocks with this turn-key, fully renovated 8-unit multifamily building located in the heart of Ponca, Nebraska, a thriving small town with a rich community spirit and excellent access to local amenities. Situated at 519 E. North Street, this property boasts modern upgrades, consistent cash flow, and minimal maintenance needs, making it an ideal investment for any portfolio.
Key Features:
Full Renovation: All 8 units have undergone complete renovations, including:
Updated Bathrooms featuring modern fixtures.
Luxury Vinyl Tile (LVT) Flooring installed in every unit, offering durability and easy maintenance.
New Lighting and Fresh Paint in all units, creating a bright and contemporary atmosphere for tenants.
Common Areas: In 2024, the hallways were refreshed with new paint and flooring, ensuring a welcoming environment throughout the building.
Roof Replacement: The roof was replaced in 2020, adding long-term value and peace of mind for the next owner.
Fully Leased: All units are currently occupied, providing immediate and stable rental income.
Property Details:
Unit Mix: Eight 2-bedroom units, each providing spacious living for tenants.
Location: Ponca, Nebraska, offers small-town charm with easy access to local amenities, parks, and recreational opportunities. The property is located near the downtown area, providing residents with nearby conveniences like grocery stores, restaurants, and Ponca State Park, which is just a short drive away.
Investment Highlights:
Strong Rental Demand: Ponca’s peaceful community and proximity to larger towns like Sioux City, IA, make it a desirable location for tenants seeking quiet living with easy commuting options.
Low Maintenance: Recent renovations throughout the building minimize the need for immediate capital expenditures, allowing investors to focus on maximizing returns.
Attractive Cash Flow: With all units leased, the property provides steady rental income from day one.
Community and Location:
Ponca, Nebraska, is a welcoming community known for its outdoor recreational opportunities, including the nearby Ponca State Park, where residents enjoy hiking, camping, and scenic views along the Missouri River. The town offers a friendly, tight-knit atmosphere, perfect for residents looking for a peaceful lifestyle within reach of Sioux City’s amenities. Ponca's excellent school system and low crime rate also make it an appealing area for long-term renters.
This is a rare opportunity to acquire a fully renovated, income-generating property in a growing market. Whether you’re an experienced investor or looking to add your first multifamily asset, this property at 519 E. North Street in Ponca is ready to deliver strong returns.
Agent is owner.
Key Features:
Full Renovation: All 8 units have undergone complete renovations, including:
Updated Bathrooms featuring modern fixtures.
Luxury Vinyl Tile (LVT) Flooring installed in every unit, offering durability and easy maintenance.
New Lighting and Fresh Paint in all units, creating a bright and contemporary atmosphere for tenants.
Common Areas: In 2024, the hallways were refreshed with new paint and flooring, ensuring a welcoming environment throughout the building.
Roof Replacement: The roof was replaced in 2020, adding long-term value and peace of mind for the next owner.
Fully Leased: All units are currently occupied, providing immediate and stable rental income.
Property Details:
Unit Mix: Eight 2-bedroom units, each providing spacious living for tenants.
Location: Ponca, Nebraska, offers small-town charm with easy access to local amenities, parks, and recreational opportunities. The property is located near the downtown area, providing residents with nearby conveniences like grocery stores, restaurants, and Ponca State Park, which is just a short drive away.
Investment Highlights:
Strong Rental Demand: Ponca’s peaceful community and proximity to larger towns like Sioux City, IA, make it a desirable location for tenants seeking quiet living with easy commuting options.
Low Maintenance: Recent renovations throughout the building minimize the need for immediate capital expenditures, allowing investors to focus on maximizing returns.
Attractive Cash Flow: With all units leased, the property provides steady rental income from day one.
Community and Location:
Ponca, Nebraska, is a welcoming community known for its outdoor recreational opportunities, including the nearby Ponca State Park, where residents enjoy hiking, camping, and scenic views along the Missouri River. The town offers a friendly, tight-knit atmosphere, perfect for residents looking for a peaceful lifestyle within reach of Sioux City’s amenities. Ponca's excellent school system and low crime rate also make it an appealing area for long-term renters.
This is a rare opportunity to acquire a fully renovated, income-generating property in a growing market. Whether you’re an experienced investor or looking to add your first multifamily asset, this property at 519 E. North Street in Ponca is ready to deliver strong returns.
Agent is owner.
Property Facts
| Price | £631,200 | Property Subtype | Apartment |
| Price Per Unit | £78,900 | Apartment Style | Garden |
| Sale Type | Investment | Building Class | C |
| Net Initial Yield | 5% | Lot Size | 0.50 AC |
| Sale Conditions | 1031 Exchange | Building Size | 64,000 SF |
| No. Units | 8 | Number of Floors | 2 |
| Property Type | Residential | Year Built/Renovated | 1982/2022 |
| Price | £631,200 |
| Price Per Unit | £78,900 |
| Sale Type | Investment |
| Net Initial Yield | 5% |
| Sale Conditions | 1031 Exchange |
| No. Units | 8 |
| Property Type | Residential |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 0.50 AC |
| Building Size | 64,000 SF |
| Number of Floors | 2 |
| Year Built/Renovated | 1982/2022 |
Site Amenities
- Laundry Facilities
Unit Mix Information
| Description | No. Units | Avg. Rent.Mo | SF |
|---|---|---|---|
| 2+2 | 8 | £650.92 | - |
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PROPERTY TAXES
| Parcel Number | 22257.00 | Improvements Assessment | £157,003 |
| Land Assessment | £4,784 | Total Assessment | £161,786 |
PROPERTY TAXES
Parcel Number
22257.00
Land Assessment
£4,784
Improvements Assessment
£157,003
Total Assessment
£161,786
zoning
| Zoning Code | 02 |
| 02 |
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Brandi Jorgensen - J & M Real Estate Group, Inc.
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Rose Hill Apartments | 519 E North St
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