29-plex brick Omaha 10-Cap

Multi-Family for Sale
Catylist Listing ID: 30480016
Property Subtypes: Mid-Rise
Number of Units: 29 Units
Building Size (RSF): 18,040 SF
Gross Building Area: See Agent
Gross Land Area: 15,660 SF
Sale Price: $1,300,000
Unit Price: $44,827.59 Per Unit
Property Use Type: Investment
Sale Terms: Cash to Seller
Cap Rate: 10.0%
Average Occupancy Rate: 95
Last Updated: 9/14/2019

Overview / Comments

Turn Key 29-plex. Solid brick construction with concrete interior. Said to be the 1st "fire-proof" building in Omaha. Located near bus lines, Sorenson Parkway and many retail options. Property consists of 26 x 1-bed units and 3 studio units. Occupancy and demand remain high for the area. This property has been upgraded by current owners and is great investment. Wide hallways with 9' ceilings make for easy move in/out. See Agent notes. AMA

Financials

Finance Data Year 2019
Real Estate Taxes - Annual($) $12,537 (Annual)

Additional Details

Nearest MSA: Omaha-Council Bluffs
County: Douglas
Tax ID/APN: 0824370002
Percent Occupied: 100%
Total Number of Buildings: 1
Property Condition: Good
Number of Stories: 2
Year Built: 1960
Roof Type: Flat
Construction/Siding: Brick
Exterior Description: Solid 1960's brick
Parking Ratio: 1 (per 1000 SF)
Parking Type: Surface
Total Parking Spaces: 24
Heat Type: Steam
Heat Source: Baseboard
Fuel: Gas
Air Conditioning: Window Unit
Interior Description: Each unit is open floor plan with Living room and Kitchen. Bath and bedroom (for 1-bed units) down the hall. Wide hallways with 9' ceilings make for easy move in.
Lot Frontage: 135
Lot Depth: 116
Water Service: Municipal
Sewer Type: Municipal
Legal Description: COLLIER PLACE LOT 24 BLOCK 4 VAC ALLEY & E 16 FT LT 22 & ALL LTS 23 & 24

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 15,319 111,517 232,358
Median Age: 30.65 32.42 33.82
Households: 5,574 43,025 92,235

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