UNMC area 23-plex

Multi-Family for Sale
Catylist Listing ID: 30390084
Property Subtypes: Mid-Rise
Number of Units: 23 Units
Building Size (RSF): 13,300 SF
Gross Building Area: See Agent
Sale Price: $1,700,000
Unit Price: $73,913.04 Per Unit
Property Use Type: Investment
Sale Terms: Cash to Seller
Cap Rate: 8.0%
Average Occupancy Rate: 95
Last Updated: 4/16/2019

Overview / Comments

All brick, built for purpose apartment complex ½ mile from Medical Center & Dundee District. NEW 50-year Impact-resistant roof installed in 2017 ($80k) with new gutters and downspouts. All windows updated to vinyl. New carpet in most units. Lots of updated appliances.

Figures attached are from 2018 tax returns from owner.

32 parking stalls for 23 units. Plus 10 garage spots!
Lot size 0.83 acres.
No evictions in last 5 years.
Lots of good tenants = low maintenance management.

• Walk to over a dozen restaurants
• 2 grocery stores within blocks
• 2 hardware stores within 4 blocks
• Plenty of employers within 1 mile


Finance Data Year 2019
Real Estate Taxes - Annual($) $18,429 (Annual)

Additional Details

Nearest MSA: Omaha-Council Bluffs
County: Douglas
Taxing Authority: Douglas County
Tax ID/APN: 0934250000
Percent Occupied: 100%
Property Located Between: Dundee & UNMC
Highway Access: easy access to 480 via Cuming
Area Description: within 1 mile of UNMC. A hotspot for rentals due to the 10k of employees (and growing). A great walk-score as well due to grocery and restaurants in area.
Total Number of Buildings: 1
Property Condition: Good
Number of Stories: 3
Year Built: 1965
Roof Type: Arched
Construction/Siding: Brick
Exterior Description: Brick, level 0.83 acre lot, new roof & gutters, great location!
Parking Ratio: 1 (per 1000 SF)
Parking Type: Structure, Surface
Parking Description: 30 off street spots and 10 garages (potential for more income)
Total Parking Spaces: 40
Laundry: Shared
Heat Type: Electricity
Heat Source: Central
Fuel: Electric
Air Conditioning: Window Unit
Internet Access: Cable
Interior Description: 1 and 2 bedroom units. Well maintained building.
Lot Frontage: 200
Lot Depth: 165
Water Service: Municipal
Sewer Type: Municipal
Easements: Utilities
Legal Description: DONECKENS ADD TO WALNUT HILL LOT 6 BLOCK 1 -EX ST & N 11 FT- LT 2 & -EX ST & IRREG N 10 FT W 45 ST- LT 3 & LTS 4-5 & 6

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 27,644 163,101 304,048
Median Age: 31 32.69 33.66
Households: 11,951 65,524 120,961


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