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33283817
33283818

1014 North 48th Avenue, Omaha, NE 68132

NG
20210327
Nebraska Realty
Listed by Nebraska Realty
$870,000
1 day on market
Updated 1 day ago

12 Plex Omaha NE

Details
Property Type Multifamily
Sub Type Student Housing, Apartment Building
Square Footage 13,034
Units 12
Cap Rate 7.9%
NOI $68,752
Occupancy 100%
Tenancy Multi
Rent Bumps Yes
Pro-Forma Cap Rate 12.67%
Pro-Forma NOI $110,236
Price per SqFt $67
Year Built 1965
Year Renovated 2017, 2024
Buildings 1
Zoning R7
Parking Spaces spaces
Investment Type Value Add

100% Leased, major capital exterior improvements completed

Marketing description

Fully occupied 12-unit building in a high-demand corridor near Dundee, Blackstone, and UNMC. All units are 1-bed/1-bath with rents currently below market, offering immediate upside and stronger cap-rate potential. Major capital improvements already completed, including over $155,000 in new stairs and balconies (2023) and more than $60,000 in concrete work from 2017–2024. Private parking lot for all tenants. Basement includes existing hookups for a paid laundry setup, creating an additional revenue opportunity. Well-maintained, owner-operated asset since 2001 with stable performance and clear value-add pathways. AMA Buyer to Verify Schools.

Investment highlights

Fully occupied 12-unit building in a high-demand corridor near Dundee, Blackstone, and UNMC. All units are 1-bed/1-bath with rents currently below market, offering immediate upside and stronger cap-rate potential. Major capital improvements already completed, including over $155,000 in new stairs and balconies (2023) and more than $60,000 in concrete work from 2017–2024. Private parking lot for all tenants. Basement includes existing hookups for a paid laundry setup, creating an additional revenue opportunity. Well-maintained, owner-operated asset since 2001 with stable performance and clear value-add pathways. AMA Buyer to Verify Schools.

Listing Contacts

NG
20210327
Nebraska Realty
Listed by Nebraska Realty

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Loan Amount
$0.00
Annual Debt Service
$--
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Annual Cash Flow
$68,752.00
$5,729.33/mo

Valuation Metrics

0
DSCR
7.9%
Cap Rate
7.9%
ROI

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