Majjar Apartments

Multi-Family for Sale
Catylist Listing ID: 30652354
Property Subtypes: Mid-Rise
Number of Units: 18 Units
Building Size (RSF): 19,904 SF
Gross Building Area: See Agent
Gross Land Area: 0.85 Acres
Sale Price: $1,495,950
Unit Price: $83,108.33 Per Unit
Property Use Type: Investment
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 9/24/2020

Overview / Comments

Fantastic multi-family investment opportunity! A total of 18, 2 bedroom units, between two buildings steps from each other. Located minutes from the Kennedy FWY providing quick access to downtown Omaha, Offut, and Interstate-80.

1st building was built in 1967 with six 2-bedroom units,. There is a main floor, coin-operated washer & dryer. 2nd building was built in 2000 with twelve 2-bedroom/2-bathroom units. Each units is equipped with walk-in closets in both bedrooms, laundry in each unit, balcony's, and pantry closet in the kitchens.

Each unit in both buildings is individually metered, tenants pay their own gas & electric. Building owners currently pay all units water, sewer, & trash (dumpsters on-site).

Financials

Finance Data Year 2019
Real Estate Taxes - Annual($) $18,592 (Annual)
Potential Rental Income $142,860 (Annual)
Gross Operating Income $43,880 (Annual)
Net Operating Income $80,387 (Annual)
Actual or Proforma Year Actual

Additional Details

Nearest MSA: Omaha-Council Bluffs
County: Sarpy
Taxing Authority: Sarpy County
Tax ID/APN: 011561314
Zoning: MULTI-FAMILY UNITS
Percent Occupied: 100%
Total Number of Buildings: 2
Property Condition: Good
Number of Stories: 3
Year Built: 1967
Year Renovated: 2000
Parking Type: Surface, Other
Parking Description: Surface Parking & Private Garages
Total Parking Spaces: 30
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 12,067 77,471 213,120
Median Age: 28.27 32.96 33.68
Households: 3,756 27,135 81,144

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