4 Beds & 500–600 SF Waiting Below in Lincoln – 6201 S 42nd St For Sale

  • $237,000
  • 4 beds
  • 2 baths
  • 1,259 sqft

Off-Market Wholesale Opportunity –  6201 S 42nd St, Lincoln, NE 68516

Price Info

  • Assignment Price: $237,000
  • Buy Now Price: $285,000
  • After Repair Value (ARV): $330,000

Property Facts

  • Address: 6201 S 42nd St, Lincoln, NE 68516
  • Bedrooms / Bathroom: 4 / 2
  • Status: Assignment – For Sale

Property Description

Bring your finishing vision to a home that’s already been dramatically upgraded. Positioned in a desirable southeast Lincoln neighborhood, 6201 S 42nd St currently offers 4 bedrooms and 2 bathrooms, along with a basement that presents a significant opportunity to increase the home’s usable footprint. The property received a major remodel in 2019, with the seller investing approximately $100,000 into the transformation. The kitchen, bathrooms, HVAC, and roof were all addressed during the renovation, giving the next owner a strong starting point. Approximately 500–600 square feet could potentially be finished in the basement, with room to explore an additional bedroom and bathroom. The upstairs flooring is the primary interior refresh needed, while a washer and dryer would also be needed. Recent seller feedback indicates the roof was inspected about a month ago and received a favorable assessment. This is an opportunity to add your finishing touches while benefiting from substantial improvements already completed.

 

Our Process – How It Works

  1. Group Tour
  • Scheduled ~1 week after the property is released to our buyer list.
  • All interested buyers can walk the property at the same time.
  1. Offer Deadline
  • Offers due within 48 hours after the group tour.
  1. Final Review
  • We will review all offers and select the highest and best offer.
  1. Closing Details
  • Closing Date: On or before 09/08/2026 at TBD closing title company.
  • Buyer pays all closing costs
  • Cash or hard money only (cash preferred for smooth closings)
  • Property sold as-is

👉Ready to lock this deal in?

  • Inquire and Attend group walk through
  • Or submit your offer by the deadline HERE

Disclaimer All information is deemed reliable but not guaranteed.
Buyers are responsible for completing their own due diligence prior to making an offer.

Price:
$237,000
Address:
6201 S 42nd St
Lincoln, NE 68516
Square Feet:
1,259
Lot Size:
8,712
Bedrooms:
4
Bathrooms:
2
Terms:
For Sale
Property Type:
Home
Year Built:
1988
Basement:
Unfinished

Call (531) 229-0970 for more details

Property Location