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: |
4/20/2021 |
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 |
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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|
