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$ 349,900
Active
607 E 3RD STREET Kimball, NE 68145
6,538 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type OTHER
Listing Status Active
Purchase Type For Rent
Square Footage 6,538 sqft
MLS Listing ID 27429
Style Ranch
Annual Tax Amount $4,711
Tax Year 2026
Lot Dimensions 21250
Property Sub-Type OTHER
Property Description
Exceptional investment opportunity in a highly visible location along the main thoroughfare through Kimball! This updated short-term/extended-stay property features 16 rental units, a newly remodeled office, and an additional 4-bedroom, 2-bath home, offering multiple potential income streams and flexibility for an owner-operator or investor. The unit mix includes four 1-bed units (Rooms 1, 2, 4 & 5) with bathtubs, mini refrigerators and microwaves; nine 1-bed kitchenette units (Rooms 7 & 9–16) with showers, mini refrigerators, microwaves and hot plates; and three 2-bed kitchenette units (Rooms 3, 6 & 8). Rooms 3 & 6 feature bathtubs, while Room 8 offers a walk-in shower. All rental units have been updated and are designed to accommodate a variety of short-term and extended-stay needs. The property also includes dedicated storage areas for housekeeping and cleaning supplies, along with two laundry rooms that provide the opportunity to add coin-operated machines for additional convenience and potential revenue. The on-site home offers 4 bedrooms and 2 bathrooms, with the basement bedrooms being non-egress, and could provide additional rental income, manager housing or owner accommodations. Excellent on-site parking, strong visibility and a convenient location make this a compelling opportunity for workforce housing, traveling professionals, extended-stay guests or traditional short-term lodging. With the infrastructure already in place and multiple avenues for income, this is a unique opportunity to acquire a versatile lodging property in Kimball.
Location
State NE
Area Kimball / Dix / Potter / Bushnell
Exterior
Parking Features None
Garage Description None
Utilities Available One Meter
Roof Type Asphalt
Building
Unit Features Carpet,Furnished
Sewer City Sewer, City Water
Architectural Style Ranch
Schools
School District Kimball
Listed by #1 PROPERTIES RANCH & RECREATION, LLC
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