4821 Underwood AveOmaha, NE 68132

For Sale
Call for price

22 Units, Prime Omaha Locations

Overview

Added:
Dec 11, 2024
Days on market:
92
This exceptional investment opportunity comprises four distinct Omaha properties totaling 22 units. The portfolio includes three apartment buildings and one single-family home, offering a diverse range of investment options. Building sizes range from 1,348 to 13,340 square feet, built between 1900 and 1972, and situated on lots from 0.07 to 0.47 acres. The properties boast a combined Net Operating Income (NOI) of $111,022.92, with a pro-forma NOI of $168,126.43. Individual unit prices range from $91,666 to $107,142, with an average price per square foot of $176. Many units feature recent renovations including new flooring, appliances, paint, fixtures, and countertops. Several buildings offer amenities such as on-site laundry, secure entry, and garages. Conveniently located in desirable Omaha neighborhoods, these properties benefit from proximity to schools, universities, shopping, dining, and entertainment. The portfolio presents a compelling investment opportunity with strong rental potential and significant upside. Zoning is R7. This diverse portfolio offers a unique opportunity to acquire multiple income-producing properties in a thriving market. The properties are strategically located to capitalize on Omaha's robust rental market and growing population. The combination of renovated units, desirable locations, and strong projected NOI makes this an attractive investment for experienced real estate investors.

Highlights

  • 809 N 121st Street, Omaha, NE 68154: $2,250,000 asking price; 21 units; 13,340 square feet; $107,142 per unit; 12 remodeled units; 14 exterior garages; shared laundry; balconies; 0.47-acre lot; built 1972.
  • 4821 Underwood Avenue, Omaha, NE 68132: $550,000 asking price; 8 units; 3,184 square feet; $91,666 per unit; fully remodeled; 5 garages; onsite laundry; Midtown location near UNMC and Blackstone; 0.19-acre lot; built 1914.
  • 1147 Park Avenue, Omaha, NE 68105: $650,000 asking price; 6 units; 3,674 square feet; $106,126 per unit; fully remodeled; 5 garages; onsite laundry; Midtown location near UNMC and Blackstone; 0.07-acre lot; built 1900.
  • 2520 N 49th Street, Omaha, NE 68104: $210,000 asking price; 1 unit; 1,348 square feet; new flooring, stainless steel appliances, granite countertops; 0.09-acre lot; built 1923.

Property Details for 4821 Underwood Ave

Property type
Multifamily properties, Apartment buildings
Square Feet
1,348 SF
Stories
4
Lot Size (sq. ft)
3,049 SF
Units
22

Location Insight

City
Omaha
County
Douglas
State
Nebraska
Latitude
41.26505197
Longitude
-95.98757943
4821 Underwood Ave, Omaha, Nebraska

FAQs

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4821 Underwood Ave
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