5-Bedroom Home with Guest House & Incredible Investment Potential

Unlock the possibilities with this spacious 5-bedroom, 2-bathroom home offering more than 2,300 square feet of living space, perfectly situated on a desirable corner lot. Complete with a detached guest house/apartment, a two-car garage, and numerous valuable updates, this property presents an outstanding opportunity for investors, multi-generational living, rental income, or buyers looking for a home with room to grow.

From the moment you arrive, you’ll appreciate the home’s classic character, generous layout, and endless potential. The inviting covered front porch offers the perfect place to relax with a morning coffee or unwind after a long day while enjoying the neighborhood surroundings.

Inside, the main level features multiple living spaces designed for both comfort and functionality. A spacious living room, separate formal dining room, and comfortable family room provide flexibility for entertaining, family gatherings, or everyday living. Whether you prefer open gathering spaces or dedicated rooms, this floor plan accommodates a variety of lifestyles.

The vintage kitchen comes fully equipped and offers plenty of cabinet space while preserving its timeless charm. Buyers can enjoy its nostalgic appeal or modernize it to match their personal style. A convenient main-floor bedroom with nearby laundry facilities adds flexibility, making it ideal for guests, multi-generational living, or those seeking first-floor accessibility. A full bathroom on the main level completes this functional living space.

Throughout many areas of the home, you’ll find beautiful original hardwood flooring, adding warmth, character, and lasting appeal. These classic details provide an excellent foundation for tasteful updates while preserving the home’s historic charm.

The second floor offers four additional generously sized bedrooms, providing abundant space for family members, guests, home offices, hobby rooms, or creative workspaces. A second full bathroom serves the upper level and offers an excellent opportunity for renovation and customization. Additional storage and workspace areas upstairs provide even greater versatility, making organization easy and offering room for future improvements.

The full basement adds even more usable space for storage, a workshop, exercise area, hobby room, or future finishing possibilities. Whether you need room for seasonal items, tools, or recreational equipment, this lower level provides exceptional flexibility.

Several important updates have already been completed, giving buyers added peace of mind. The home features an updated 100-amp electrical service, an architectural shingle roof installed in 2014, along with an updated furnace and central air conditioning system, allowing you to focus on cosmetic improvements rather than major mechanical upgrades.

One of the property’s most valuable features is the detached two-car garage with an overhead guest apartment located at 608 2nd Street, Lincoln. This separate living space creates exciting opportunities for rental income, guest accommodations, extended family, a private home office, or an artist’s studio.

The apartment includes a tidy kitchen, an open living and sleeping area, and a charming vintage bathroom featuring a classic clawfoot tub. Beautiful hardwood floors continue throughout the apartment, adding warmth and character while enhancing its inviting atmosphere. Whether used as an income-producing rental or private guest quarters, this detached apartment significantly increases the property’s versatility and value.

Situated on a corner lot, the property provides additional outdoor space, convenient access, and excellent curb appeal. The yard offers room for gardening, entertaining, pets, children’s play areas, or simply enjoying the outdoors.

This unique property is ideal for a variety of buyers, including homeowners seeking extra living space, investors looking for income potential, or anyone searching for a home they can update and personalize over time. The combination of generous square footage, a detached guest house, hardwood floors, multiple living areas, major system updates, and abundant storage creates a rare opportunity that’s increasingly difficult to find.

The property is being sold as presented and will require cash or conventional financing. Whether your vision includes restoring its original charm, creating a multi-generational living arrangement, or generating additional rental income, the possibilities are truly endless.

Property Highlights:

• Over 2,300 square feet of living space
• 5 bedrooms and 2 full bathrooms
• Desirable corner lot
• Detached guest house/rental apartment
• Two-car detached garage
• Multiple living areas including living room, family room, and formal dining room
• Equipped vintage kitchen
• Main-floor bedroom with laundry
• Beautiful hardwood flooring throughout much of the home
• Full usable basement
• Covered front porch
• Updated 100-amp electrical service
• Architectural roof installed in 2014
• Updated furnace and central air conditioning
• Detached apartment includes kitchen, living/sleeping area, and vintage clawfoot tub
• Excellent opportunity for rental income or multi-generational living
• Cash or conventional financing only

Properties offering this much space, flexibility, and income-producing potential are rare. Bring your vision, creativity, and personal style to transform this remarkable property into your dream home or next successful investment. Schedule your private showing today and discover the endless possibilities waiting for you.  From: Zillow

From: Zillow