Single Family Rental Portfolio

Multi-Family for Sale
Also listed as Special Purpose
Catylist Listing ID: 30722745
Property Subtypes: Student Housing, Other
Number of Units: 7 Units
Building Size (RSF): 13,592 SF
Gross Building Area: See Agent
Sale Price: $2,050,000
Unit Price: $292,857.14 Per Unit
Property Use Type: Investment
Building Name: 7 Single Family Home Rental Portfolio
Sale Terms: Cash to Seller, Purchase Money Mortgage
Cap Rate: 5.36%
Average Occupancy Rate: 100
Last Updated: 5/11/2021

Overview / Comments

P.J. Morgan Real Estate is pleased to offer 7 single-family home rental houses for sale located in desirable midtown. This incredible package consists of pre-leased, cash-flowing rental homes located near major local attractions – Creighton University, UNMC, Midtown Crossing, and Blackstone. Majority of homes have received substantial capital improvements keeping maintenance costs low. Management is a breeze with all homes in close proximity to each other. Package is achieving average rent of $2,300 per house with a steady track record of rent increases. This extraordinary opportunity allows any buyer many future options.
For financials, the prospective buyer and buying agent must sign the Confidentiality Agreement attached to this listing. Please send signed copies to jduggan@pjmorgan.com and rellis@pjmorgan.com. Once received, Dropbox email will be sent containing the actual financials and leases. Please text or call Johnny Duggan 402-769-6139 or Ryan Ellis 402-578-7536 for any questions!

Additional Details

Nearest MSA: Omaha-Council Bluffs
County: Douglas
Tax ID/APN: 1264180000
Zoning: RESIDENTIAL
Percent Occupied: 100%
Site Description: 7 Single Family Rental Properties Located near Creighton University, UNMC, Midtown, and Blackstone.
Total Number of Buildings: 7
Property Condition: Excellent
Number of Stories: 2
Year Built: 1910
Year Renovated: 2020
Parking Type: Surface
Parking Description: 2 spaces per building & off-street parking
Total Parking Spaces: 14
Heat Type: Natural Gas
Heat Source: Central
Zoning Description: Residential
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 26,747 155,596 290,532
Median Age: 29.49 31.99 33.58
Households: 11,232 61,608 114,264

Contact

Photograph of Listing Agent

Ryan Ellis

PJ Morgan
MRCIE Member
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