439 W 25th St - Apartments FOR SALE


Alliance, NE 69301
$2,300,000 USD
402-415-4425
439 W 25th St, Alliance, NE for Sale
$2,300,000 USD
Apartments - FOR SALE
1/30
null | Request Cap Rate

439 W 25th St
Alliance, NE 69301


HIGHLIGHTS

  • 49-unit property built in 1980, located Alliance, Nebraska
  • Unit sizes averaging 484 SF with access to community washer and dryer
  • Strong in-place cash flow with occupancy currently at 88%
  • Free & clear offering allows maximum flexibility in structuring an acquisition

OVERVIEW

CBRE is pleased to offer for sale the North Park Apartments, a 49- unit property in Alliance, Nebraska. The community was built in 1980 and sits on approximately 1.51 acres in north central Alliance. This convenient location along W 25th Street is close to retail, parks, schools and area employers such as Box Butte General Hospital. North Park features renovated one-bedroom units with one large three-bedroom, two bathroom unit in a quiet residential neighborhood. These upgrades include a fully renovated lobby, new vinyl plank flooring, numerous new furnaces and air conditioning units and new roofs. This provides new ownership a fantastic base to continue to increase value through continued improvements and enhanced operations.

FOR SALE DETAILS

PRICE

$2,300,000 USD

PRICE/SF

$69 USD /SF

# OF UNITS

49

PRICE/UNIT

$46,939

CAP RATE

Request Cap Rate

% LEASED

87%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

North Park Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1980

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.51 AC

LAND SF

65,863 SF

ZONING

02-MULTI-F

APN/PARCEL ID

070039291

ASK ABOUT THIS PROPERTY

Jeremy FinkCBRE | Mega, Part of the CBRE affiliate networkMore Info
402-415-4425

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Jeremy FinkCBRE | Mega, Part of the CBRE affiliate networkMore Info
402-415-4425

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.