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This exceptional investment opportunity presents a meticulously renovated, four-story, 49-unit multifamily building situated on a 0.49-acre lot in Omaha, Nebraska. Boasting 18,720 square feet of net rentable space, this property offers a compelling price per square foot of $144.23 and a price per unit of $55,102.04. Built in 1920 and extensively renovated in 2022 and 2023, the property features a new central water heater, updated hallway flooring and paint, new light fixtures, and a completely renovated community laundry center with new washers and dryers. Four units have undergone complete renovations, including refinished wood floors, updated kitchens and bathrooms, new appliances, and fresh paint. Exterior improvements include a fresh coat of paint and a new glass storefront. The building's prime location, just five minutes from Downtown Omaha and the Old Market, and three blocks from Interstate 480, provides exceptional access to amenities and transportation. Its proximity to several major universities, including Creighton University (0.8 miles), University of Nebraska-Omaha (3.4 miles), Clarkson College (1.9 miles), University of Nebraska Medical Center (1.6 miles), and College of Saint Mary (4.7 miles), ensures a consistent stream of potential tenants. The property is also adjacent to Complete KIDS, a non-profit organization serving over 2,000 children and families. This combination of recent renovations, desirable location, and strong tenant demand makes this a highly attractive investment opportunity. The asking price is $2,700,000.
Highlights
New central water heater installed February 2023.
New LVT flooring in hallways and repainted stairs, Fall 2022.
Fresh hallway paint and new light fixtures installed Fall 2022.
Community laundry center (owner-maintained) features all new washers and dryers, Fall 2022.
Building received full exterior paint in 2022/2023.
New glass storefront and main entrance door installed in 2022.
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The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.
We do not guarantee the accuracy, reliability, or completeness of these estimates, as market conditions, property features, and other factors may affect actual property values. Users should conduct their own due diligence and consult with a real estate professional before making financial or investment decisions.
By using this service, you acknowledge and accept that all estimates are provided for informational purposes only and that this website assumes no liability for any reliance on the provided valuations.