219 3RD STREET, Crawford, NE

Description

Turnkey Income Property on a Corner Lot Looking for a rental that already pays for itself? This charming 1910 bungalow at 219 3rd St sits on a corner lot in Crawford and comes with a tenant already in place, meaning cash flow starts the day you close, not months down the road. The home offers 1,125 square feet of comfortable one-story living with 2 bedrooms and 2 bathrooms, forced-air heating and cooling, and classic character throughout, including vintage leaded-glass windows, an enclosed front porch, and a vine-covered exterior that gives the place real curb appeal. The corner lot location means extra light, easy access, and a great look from the street, the kind of detail tenants and future buyers both notice. Here's the number that makes this one stand out: current rent is $1,000 a month, which pencils out to $12,000 a year in gross rental income on a $79,900 asking price. That works out to a gross rent multiplier of about 6.7 — squarely in the range investors typically target for a solid-performing rental — and a great starting point for anyone building a rental portfolio or looking to add a low-cost, income-producing property to their lineup. The seller currently covers utilities, so incoming owners should factor that into their operating numbers, but even accounting for that, this is a rare combination: an occupied, income-producing property at an entry-level price point in a market where replacement cost alone would run well above the list price. Whether you're a seasoned investor looking to add a reliable performer to your portfolio, or a first-time landlord wanting a low-barrier way to get started, 219 3rd St offers immediate income, a manageable price point, and a great corner-lot location in Crawford. Properties like this — tenant-occupied, cash-flowing, and priced to move — don't sit on the market long. Contact Tommy Wiles at #1 Properties Ranch & Recreation, 308.360.2030, to schedule a showing or request financials. Quick Facts: Address: 219 3rd St, Crawford, NE 69339 Price: $79,900 Bedrooms / Bathrooms: 2 / 2 Living Area: 1,125 sq ft Lot: 3,750 sq ft corner lot (75' x 50') Year Built: 1910 Heating/Cooling: Forced air furnace Current Rent: $1,000/month (tenant-occupied) Utilities: Paid by seller Gross Annual Rent: $12,000 Gross Rent Multiplier: ~6.7 (typical target range for investors is roughly 4–7)