524 Saint James Ave, Wynot, NE 68792

UNIQUE 4-PLEX — INVESTMENT OR OWNER-OCCUPANT OPPORTUNITY 524 St. James Ave., Wynot, NE 68792 $349,000 Looking for an investment property—or a unique way to own your own home while rental income helps make the payment? Originally built as a church in 1920, this brick building has been completely renovated and converted into four separate residential units over the last 10 years. Each unit features 2 bedrooms and 1 bathroom, giving the property a total of 8 bedrooms and 4 bathrooms. The extensive renovation included new plumbing, furnaces, air conditioning, windows, flooring, vanities and much more, while preserving the beautiful original hardwood flooring on the main level. LIVE HERE AND LET RENTAL INCOME HELP MAKE THE PAYMENT Currently, two of the four units are rented and two are available, creating an especially attractive opportunity for an owner-occupant. The buyer could occupy the two available 2-bedroom/1-bathroom units, providing access to a total of 4 bedrooms, 2 bathrooms and 2 laundry rooms, while continuing to collect rent from the other two apartments. Or, live in just one unit and rent out the other three. Current rent average is $550 per unit, and tenants pay their own utilities. For perspective, principal and interest on a $350,000, 30-year loan at 7% would be approximately $2,329/month. With approximately $1,050/month in rental income from just two units, the remaining principal-and-interest cost would be approximately $1,279/month. And that's with only half of the building rented. A buyer who doesn't need the additional living space could rent all four units and take advantage of the property's full income-producing potential. PROPERTY HIGHLIGHTS - Asking Price: $349,000 - 4 separate 2-bedroom, 1-bathroom apartments - 8 bedrooms / 4 bathrooms total - Approximately 2,172 sq. ft. - 0.28-acre lot - 2 units currently rented - 2 units currently available - Current rents of $525–$585 per unit - Tenants pay all utilities - Each unit separately metered - 2025 property taxes: $1,442.08 - Extensively remodeled over the last 10 years - Original refinished hardwood flooring on main level - Newer flooring downstairs - Updated windows, vanities, plumbing, furnaces and air conditioning - Finished basement - Forced-air heat - City water and sewer - Metal roof - Brick exterior - Business/Commercial zoning - Originally built in 1920 Whether you're looking for an investment property or a creative way to own a home while rental income helps offset your payment, this unique property offers flexibility and possibilities you won't find in a typical home. 524 St. James Ave., Wynot, NE 68792 Offered at $349,000 FOR SALE BY OWNER We are selling the property independently and are not looking for a real estate agent to list the property at this time. Serious buyers are welcome to contact us directly for additional information or to schedule a showing. *Financing example is for illustration purposes only and assumes a $350,000 loan at 7% interest amortized over 30 years. Approximate payment shown is principal and interest only and does not include property taxes, insurance, closing costs, maintenance or other expenses. Actual financing terms and rental income will vary.