121 S 25th St - Apartments FOR SALE


Omaha, NE 68131- Downtown Omaha
$2,695,000 USD
402-213-1936
121 S 25th St, Omaha, NE for Sale
$2,695,000 USD
Apartments - FOR SALE
1/3
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121 S 25th St
Omaha, NE 68131
Downtown Omaha


OVERVIEW

PROPERTY SPECIFICATIONS o Fifth Avenue Apartments o 121 S 25th Street Omaha, NE 68131 o Mid-rise apartment building o Class C (1920)/????? o (31) apartments & (43) parking stalls on 0.56 acres o Unit mix: (4) studios, (16) 1-beds, (10) 2-beds & (1) 3-beds o Rentable area: 16,130 SF | Gross area: 22,746 SF PHYSICAL CONDITION o Roof & gutters replaced in 2022 o Major renovation in 1987: building gutted, plumbing, electrical, and fire systems updated to late-1980s code; all units with electric HVAC and water heaters o Safety features: exit signage, exterior fire escape, local fire alarm with pull stations, hardwired smokes in common areas & units o 14 units renovated in past 4 years with upgraded LVP flooring, lighting, hardware, and modern kitchen/bath finishes o Mechanical upgrades: elevator pump motor & solid-state starter replaced (2022 & 2025); 19+ HVAC systems replaced in past 3 years o Additional updates: centrally monitored ADA phone (2022), some upgraded hallways GENERAL OFFERING o Built 1916; former hospital (1916–1922), hotel (1928–1984), converted to apartments in 1987 o Creative financing options available o Includes 2 parcels: 2504 Douglas St & 2424 Douglas St o Purchase Price: $2,695,000

FOR SALE DETAILS

PRICE

$2,695,000 USD

PRICE/SF

$83 USD /SF

# OF UNITS

35

PRICE/UNIT

$77,000

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

The Fifth Avenue Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

4

YEAR BUILT

1920

PARKING SPACES

16

LAND DETAILS

LAND ACRES

0.33 AC

LAND SF

14,375 SF

ZONING

CBD

APN/PARCEL ID

0647-0000-13

ASK ABOUT THIS PROPERTY

Stephen WardExceptional Properties GroupMore Info
402-213-1936

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Stephen WardExceptional Properties GroupMore Info
402-213-1936

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