Exceptional Multi-Family Investment Property In Friend

Take advantage of this exceptional investment opportunity in the thriving small-town community of Friend, Nebraska. This commercially zoned multi-family property features three rental units with a strong occupancy history, reliable tenants, and immediate cash flow. Whether you are looking to expand your investment portfolio or acquire your first income-producing property, this well-maintained complex offers stability, upside potential, and long-term value. The property consists of one studio apartment and two spacious two-bedroom, one-bathroom apartments. All units have been consistently maintained. Each includes their own washer and dryer, providing added convenience for tenants and reducing turnover. Residents also enjoy access to a shared outdoor patio area. Two of the units recently signed brand-new one-year leases beginning July 1, 2026, providing immediate income security for the new owner. The third unit is occupied by a long-term tenant on a month-to-month lease. The building is separately metered for gas and electricity, with tenants responsible for their own utility usage. The owner currently pays water, sewer, and trash services. An exciting feature of this property is the basement area. The basement presents a potential value-add opportunity for additional living space, storage income, or the possibility of creating another rental unit. Current Lease Information • Unit 1 (Front Studio Apartment): One-year lease from July 1, 2026, through June 30, 2027 New tenant Rent: $450 per month • Unit A (Middle Unit – 2 Bed, 1 Bath): One-year lease from July 1, 2026, through June 30, 2027 Four-year tenant Rent: $650 per month • Unit B (Back Unit – 2 Bed, 1 Bath): Month-to-month lease Four-year tenant Rent: $600 per month Utilities & Expenses Why Invest in Friend, Nebraska? Friend offers investors the advantages of a stable rural community combined with strong local pride and economic resilience. Located in Saline County, Friend serves as a regional hub for agriculture, local commerce, and small business activity. The community benefits from quality schools, local employers, community events, and a welcoming atmosphere that continues to attract residents seeking affordable living and a high quality of life. Rental housing remains an important component of the local market, and properties with established tenants and proven rental histories are increasingly difficult to find. This asset provides investors with immediate income, low operating complexity, and future growth potential in a market where tenant demand has remained consistent. With existing leases in place, low vacancy history, and opportunities to increase value over time, this property presents a compelling investment in one of southeast Nebraska's most welcoming communities.