Oak Ridge
Multifamily | 66 Units | $106,061/unit
Marketing description
OAK RIDGE APARTMENTS in Omaha, Nebraska, offers a lucrative opportunity to own a prime multifamily asset in a sought-after location. Featuring 66 units with spacious layouts and in-unit washer and dryer connections, this property stands out with its value-add potential and desirable amenities. Strategically positioned near major employment hubs and within the prestigious Millard School District, 12775 Woodcrest Drive, Omaha, NE 68137 is ideal for attracting tenants seeking convenience and quality living. Recent exterior enhancements and select unit upgrades set the stage for increased operational efficiency and long-term value growth. Investment highlights include oversized floor plans, a desirable school district, and recent exterior improvements, making this property a standout choice for those looking to capitalize on a well-located asset with significant upside potential. Don't miss out on the chance to own a property poised for near-term income growth and lasting appreciation.
Investment highlights
Value-Add Opportunity
Seller motivation creates an opportunity to acquire a well-located asset with clear operational and
renovation upside.
Oversized Floor Plans
The property features exceptionally large floor plans that are increasingly rare in today’s construction
In-Unit Washer and Dryer
Each unit includes in-unit washer and dryer connections, a highly desirable feature that supports tenant
retention and rent growth.
Desirable School District and Residential Location
Located within the highly regarded Millard School District, the property benefits from strong long-term
residential demand.
Recent Exterior Capital Improvements
Ownership has invested in key exterior improvements, including newer roofs, tuck pointing, replaced
fascia, and upgraded concrete surfaces, reducing near-term capital requirements.
Operational and Interior Upside
Select units have been upgraded and the property presents meaningful opportunity to implement a
cohesive interior renovation strategy and improve operating performance.
Strategic Access to Employment Corridors
Proximity to major employment centers along L Street, Southport and Regency, supporting a diverse
tenant base throughout.
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