Northside Apartments 9+ Cap

Multi-Family for Sale
Catylist Listing ID: 30647508
Property Subtypes: Mid-Rise
Number of Units: 26 Units
Building Size (RSF): 13,912 SF
Gross Building Area: See Agent
Gross Land Area: 15,660 SF
Sale Price: $1,550,000
Unit Price: $59,615.38 Per Unit
Property Use Type: Investment
Building Name: Northside Apartments
Sale Terms: Cash to Seller
Cap Rate: 9.2%
Average Occupancy Rate: 97
Last Updated: 9/4/2020

Overview / Comments

Turn Key 26+ plex has 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 2 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

Additional Details

Nearest MSA: Omaha-Council Bluffs
County: Douglas
Tax ID/APN: 2437-0002-08
Percent Occupied: 100%
Property Located Between: Sorensen Pkwy & Downtown Omaha
Highway Access: Interstate 480 3 blocks away
Site Description: All brick, concrete & steel construction = low maintenance.
Area Description: Omaha redevelopment area close to Sorensen Parkway, MCC, Aldi and other projects of new North O.
Total Number of Buildings: 1
Property Condition: Good
Number of Stories: 2
Year Built: 1960
Roof Type: Flat
Construction/Siding: Brick
Exterior Description: Solid brick exterior.
Parking Type: Surface
Total Parking Spaces: 18
Laundry: Laundromat Nearby
Sprinklers: None
Heat Type: Steam
Heat Source: Radiant
Fuel: Gas
Air Conditioning: Window Unit
Interior Description: well-designed 1-bed units with full bath, open kitchen, bedroom w/ dbl closet. 9 foot ceilings.
Zoning Description: General Commercial
Lot Frontage: 135
Lot Depth: 116
Water Service: Municipal
Sewer Type: Municipal
Easements: Utilities
Easements Description: Normal City utility easements (please confirm with title)
Land Ownership: fee simple
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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