Lee & Associates is pleased to present the opportunity to acquire a 12-unit, vintage all-brick apartment community located in Omaha, Nebraska. The Property features a highly desirable unit mix of (6) 2BR/1BA and (6) 1BR/1BA residences, with a differentiated private-entry / townhome-style configuration that appeals to a broad renter base.
The asset has benefited from meaningful capital investment over the past 10–15 years, including electrical and plumbing updates, exterior improvements, and partial interior renovations. Six (6) of twelve (12) units have been fully upgraded, providing an immediate runway to complete the remaining interiors and capture additional rent growth.
The Property is currently operating at a $45,908.33 NOI, with a clear, realistic path to improved cash flow through rent-to-market execution and expense optimization, including the ability to shift utilities to tenant-direct payment where applicable. A stabilized underwriting scenario indicates NOI upside to $72,342, supporting an approximate $1,033,457 value at a 7.00% cap rate.