Log Cabin Apartments

Chadron, Nebraska

8-unit Class C Apartment in Chadron, NE. Formerly a hotel. The manager’s office is a 3bd home that rents for $900, plus 6 efficiency units ($350/month), 2 1-bedroom units ($425/month), and a laundry room.

Potential monthly income of $3,850. Gas, electric, water, sewer, internet, cable, taxes & insurance add up to about $1,500 in owner monthly expenses.

There is a lot of upward potential with the apartment but will require updates and renovations in some areas.  Apartment is priced way below normal cap rates and comparable value to reflect such. 

Requires 48 hr notice to view.