816 N 36th St - Apartments FOR SALE


Omaha, NE 68131- Midtown Omaha
$1,850,000 USD
402-714-5715
816 N 36th St, Omaha, NE for Sale
$1,850,000 USD
Apartments - FOR SALE
1/53
null | 8% Cap Rate

816 N 36th St
Omaha, NE 68131
Midtown Omaha


HIGHLIGHTS

  • Walking distance to Creighton University
  • No Code Violations - Just passed City Inspection!
  • Historical District - Charming, Luxurious, & Excellent Condition Units Each w/ Front & Back Entrances
  • Raise Rents for Equity Opportunity

OVERVIEW

Immaculate all-brick Tudor-style apartment complex located in one of the most prime locations in Omaha! Tucked between Midtown, Bemis Park, & Creighton University all 18 spacious units are easy to keep occupied. You'll find hardwood floors, walk-in closets, & full baths in most units, LVT & 10ft ceilings in others, & old-world charm & ample storage in them all. Separately metered; Tenants cover own gas & electric; Landlord pays water & heat with updated Lochivar boiler system. Top-of-the-line architect-style roof new in 2016 with 50 year transf. warranty & gutter guards. All windows are less than 10 yrs old with transf. lifetime warranty. Coin-operated Laundry on-site brings in extra income. All kitchen appliances & window A/C units are less than 4yo! Private courtyard, beautifully landscaped, offers serenity to Tenants, bus stop at corner for convenience, & street parking for vehicles. No code violations here - just recently passed city inspections!! P&L available. (2-bdm unit is being used as storage - can be convert back to apt.) Property was self managed & could easily bring in a 11% CAP. Agent related to Seller

FOR SALE DETAILS

PRICE

$1,850,000 USD

PRICE/SF

$144 USD /SF

# OF UNITS

19

PRICE/UNIT

$97,368

CAP RATE

8%

% LEASED

94%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Cathedral Cottage

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1945

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.62 AC

LAND SF

27,181 SF

ZONING

R7

APN/PARCEL ID

4283-0000-16

ASK ABOUT THIS PROPERTY

Annali LeachBHHS Ambassador Real EstateMore Info
402-714-5715

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Annali LeachBHHS Ambassador Real EstateMore Info
402-714-5715

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