Dundee Apartment

Multi-Family for Sale
Sale Pending/Contingent
Catylist Listing ID: 30328104
Property Subtypes: Mid-Rise
Status: Pending/Contingent
Number of Units: 27 Units
Building Size (RSF): 20,763 SF
Gross Building Area: See Agent
Gross Land Area: 20,250 SF
Sale Price: $1,300,000
Unit Price: $48,148.15 Per Unit
Property Use Type: Investment
Building Name: Glenarlo
Sale Terms: Cash to Seller
Cap Rate: 9.0%
Average Occupancy Rate: 95
Last Updated: 9/10/2018

Overview / Comments

The "Glanarlo Apartments" sit on the north west corner of 51st & Capitol in desired Dundee neighborhood. This 3-story brick building holds 26 rental units. This sale includes the 3-bed house that sits on same lot (could be used as rental or removed for parking or add-on). Mostly comprised of 24 very similar 1-bedroom units. Units have the character folks want in this area; hardwood floors, hexagongon tile in baths, vintage woodwork, built-in dresser in closet, built in armoire w/ mirror off master, french doors, sun room, solid woods doors & a cozy courtyard! Laundry owned by building. Property has been well-maintained and owned by same family for over 40 years.

Additional Details

Nearest MSA: Omaha-Council Bluffs
County: Douglas
Tax ID/APN: 0947260000
Community Amenities: On-Site Maintenance
Property Located Between: Dundee
Total Number of Buildings: 2
Property Condition: Good
Number of Stories: 3
Year Built: 1915
Roof Type: Flat
Construction/Siding: Brick
Total Parking Spaces: 22
Laundry: Shared
Heat Type: Steam
Heat Source: Radiant
Fuel: Gas
Air Conditioning: Window Unit
Water Service: Municipal
Sewer Type: Municipal
Legal Description: DUNDEE PLACE LOT 24 BLOCK 93 LTS 22-23 & 135 X 150

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