2968 Poppleton Ave - Apartments FOR SALE


Omaha, NE 68105- Ford Birthsite
$1,400,000 USD
402-660-9078
2968 Poppleton Ave, Omaha, NE for Sale
$1,400,000 USD
Apartments - FOR SALE
1/62
null | Request Cap Rate

2968 Poppleton Ave
Omaha, NE 68105
Ford Birthsite


HIGHLIGHTS

  • Value-Add Potential: Over half of units updated; remaining units offer opportunity to increase rents through cosmetic renovations.
  • Units are a mix of 12 spacious 2-bedroom/1-bathroom units with formal dining and living room with balconies & 2 1-bedroom/1- bathroom units.
  • Strong Location: Between Gerald R Ford Birthsite & Hanscom Park; close to Midtown & Downtown Omaha
  • Recent Capital Improvements:
  • New roof and gutters installed in 2022, New water heaters 2022/23, 7 units have new appliances 2021/23
  • On-site coin operated laundry facilities, featuring 3 washers and 4 dryers, 2 units have in-unit W/D hookups

OVERVIEW

Chula Vista Apartments is a classic 1915-built, 14-unit property featuring twelve spacious 2-bedroom units with living rooms, dining rooms, and balconies, plus two 1-bedroom units. Major upgrades include new plumbing and electrical (2010), a new roof and gutters (2022), new appliances in 7 units since 2021, and updated HVAC in over half the building. All 2-bed units are separately metered, while the 1-beds operate on a utility bill-back system. Over half of the units have been cosmetically updated, offering excellent value-add potential. The property also includes 5 off-street parking spaces making it a solid investment opportunity with both historic charm and modern updates. Excellent location.

FOR SALE DETAILS

PRICE

$1,400,000 USD

PRICE/SF

$91 USD /SF

# OF UNITS

14

PRICE/UNIT

$100,000

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Dormitory

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1915

PARKING SPACES

5

LAND DETAILS

LAND ACRES

0.24 AC

LAND SF

10,454 SF

ZONING

R7

APN/PARCEL ID

1777-0000-09

ASK ABOUT THIS PROPERTY

Lisa ZimmermanBHGRE CommercialMore Info
402-660-9078

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Lisa ZimmermanBHGRE CommercialMore Info
402-660-9078

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