121 & 125 E 31st Street, Kearney, NE
$879,900
The asset is secured by 2 multiple-year leases with regular rent increases, offering investors stable, growing income with minimal ownership responsibilities. The property benefits from being a professional office building whose Tenants are a pediatric dentistry and an insurance brokerage. This investment opportunity is well-suited for buyers seeking predictable income, low management intensity, and stable real estate returns. Investment Highlights: • Current cap rate: 6.02% - with current property management • Pro-forma cap rate: 6.83% - if self-managed • Passive, Management-Light Ownership • All internal utilities are Tenant’s responsibility • Includes 3 private parking lots • Dedicated monument sign along 31st Street • Has been professionally managed by Century 21-Midlands Property Management for many years • Full due diligence including property management annual income and expense statement available
- Type: OFFICE
- Beds: N/A
- Baths: N/A
- Style: N/A
- Year: N/A
- MLS ID: 20260997
Interior
- Above Grade: N/A
- Below Grade: N/A
- Main Floor: N/A
- Upper Floor: N/A
- Living Room: N/A
- Dining: N/A
- Kitchen: N/A
- Family: N/A
- Master Bedroom: N/A
- Bedroom 2: N/A
- Bedroom 3: N/A
- Bedroom 4: N/A
- Heat/Cool: N/A
- Fireplaces: N/A
- Basement: N/A
- Description: N/A
- Features: N/A
Exterior
- Lot Size:
- Acres: N/A
- Roof: Pitch,Asphalt
- Features: N/A
- Garage: N/A
- Garage Spaces: N/A
Other
- Flood Plain:
- Status: ACTIVE
- Construction: Frame
- Brokered By: C21 Midlands
- Utilities: City Sewer,City Water,Electric,Gas
- Tax Year: 2025
- Taxes: $14882.44