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$275,000   Price Analysis
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524 Saint James Ave
Wynot, NE 68792
8 bed None bath 2,172 SqFt ($126/SqFt)
0.28 acre lot. Built 1920
Listed 2024-02-28
USDA Eligible
near Wynot, NE
 Restrictions may apply
due to home size

Investment Opportunity or live in one apartment and rent out the other 3.

This 4 plex is currently 100% occupied and each unit is metered separately for utilities. In 2017 an old, tattered church was purchased, gutted and remodeled into this profitable apartment complx.

The heat, air, plumbing, electrical, windows and everything else, is less than 8 yea rs old. Each unit has 2 bedrooms with 1 full bathroom and include a washer and dryer. You're not buying a tremendous investment, you're also buying a piece of history.


Presented by Bridget Whitmire at
Whitmire & Associates Realty & Property Management, LLC.
Listing Agent Photo

Property MLS #116071 from MeridianSD

Bedrooms: 8

Basement Features: Finished, Full, Outside Entry
Basement Sqft: 2173

Heating Features: Forced Air
Heating Fuel: Electric

Brick
Frontage Length: 85
Frontage Type: City

Lot Size Acres: 0.28
Lot Size Square Feet: 12197

Association: No
Calculated Total Monthly Association Fees: 0
Maintenance Expense: 440

Gross Income: 26100

Number of Units: 4
Unit Features: UnitTypeBedsTotal: 2, UnitTypeBathsTotal: 1, UnitTypeBedsTotal: 2, UnitTypeBathsTotal: 1, UnitTypeBedsTotal: 2, UnitTypeBathsTotal: 1
Total Bathrooms in the 2 Bedroom Units: 1
Total Bathrooms in Unit-2: 2
Unit-1 Furnished Description: No
Unit-2 Furnished Description: No
Unit-3 Furnished Description: No
Unit-4 Furnished Description: No
Unit 1 Total Actual Rent: 525
Unit 2 Total Actual Rent: 500
Unit 3 Total Actual Rent: 625
Unit 4 Total Actual Rent: 525

Source Listing Status: Active
County: Cedar
Tax Year: 2023
Source Property Type: MULTIFAMILY
Inclusions: 4 Refrigerators, 4 stoves, 3 dishwashers, 3 washers, 3 dryers, 1 washer/dryer combo
Insurance Expense: 3594
Area: East of Highway 81 NE
Source Neighborhood: East of Highway 81 NE
Source System Name: C2C

Listed 2024-02-28
$275,000
MeridianSD
Listing removed 2023-02-17
$0
MeridianSD
Price Changed 2022-05-02
$260,000
MeridianSD
Listed 2022-01-14
$275,000
MeridianSD

Net Operating Income: 20216

Total Square Feet Living: 2172
Year Built: 1920
Property Age: 104
Roof: Metal
House Style: 2 Story
Total Area Main: 2172

Electric Expense: 650
Water Sewer Expense: 1200
Water Source: City

Wynot High School is a public high school located approximately 0.1 miles away.
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Wynot Middle School is a public elementary and middle school located approximately 0.1 miles away.
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East Catholic Elementary School is a private elementary school located approximately 4.3 miles away.
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The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.