1231 W 14th St - Apartments FOR SALE


Alliance, NE 69301
$4,800,000 USD
402-415-4425
1231 W 14th St, Alliance, NE for Sale
$4,800,000 USD
Apartments - FOR SALE
1/22
null | Request Cap Rate

1231 W 14th St
Alliance, NE 69301


HIGHLIGHTS

  • 96-unit property located Alliance, Nebraska was built in 1973/1978 and renovated in 2020.
  • 88 of the 96 units are large 2 bedroom apartment homes
  • Unit sizes averaging 742 SF with access to community washer and dryer
  • Strong in-place cash flow with occupancy currently at 92%

OVERVIEW

CBRE is pleased to offer for sale the Great Plains Apartments, a 96-unit garden style property in Alliance, Nebraska. The community was built in 1978 and renovated in 2020. It sits on approximately 3.78 acres in the west central Alliance. This convenient location is just minutes from State Highway 2 providing for easy access to all of Alliance and the entire region. Great Plains features one and two bedroom apartment homes in a quiet residential neighborhood. Current ownership has completed several unit upgrades including new vinyl plank flooring, new lighting, numerous new furnaces and air conditioning units and new roofs. This provides new ownership a fantastic value add opportunity through continued unit upgrades and enhanced property operations.

FOR SALE DETAILS

PRICE

$4,800,000 USD

PRICE/SF

$48 USD /SF

# OF UNITS

96

PRICE/UNIT

$50,000

CAP RATE

Request Cap Rate

% LEASED

93%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Great Plains Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1978

PARKING SPACES

175

LAND DETAILS

LAND ACRES

0.49 AC

LAND SF

21,549 SF

ZONING

Z04

APN/PARCEL ID

070025177,070025193,070025266

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.