3915 N 70th Cir - Apartments FOR SALE


Omaha, NE 68104- North Omaha
$1,800,000 USD
404-740-9458
3915 N 70th Cir, Omaha, NE for Sale
$1,800,000 USD
Apartments - FOR SALE
1/14
null | Request Cap Rate

3915 N 70th Cir
Omaha, NE 68104
North Omaha


HIGHLIGHTS

  • Master-metered utilities, with current utility expenses and reimbursements operating at breakeven
  • Electrical panels up to code, reducing near-term compliance risk. Central water heater installed in 2016
  • Approved insurance claim for a newly paved parking lot, providing near-term exterior improvement without additional capital
  • Furnace approximately 15+ years old; significant mechanical upgrades have been completed through prior capital expenditures
  • On-site community laundry with (3) washers and (3) dryers, third-party operated by CSC Laundry
  • Functional and efficient unit layouts supporting rent-ready condition

OVERVIEW

Oak View Apartments offers a compelling opportunity to acquire a 30-unit multifamily asset at an attractive basis with a clearly defined, execution driven path to value creation. The investment thesis is centered on operational stabilization, expense normalization, and professional management, rather than speculative rent growth or heavy capital repositioning. Offered at approximately $60,000 per unit, the asset is priced in line with recent transactions in the submarket while providing meaningful upside through improved occupancy and cost controls. Current operations reflect sub-optimal management, inflated controllable expenses, and below-stabilized occupancy, creating a favorable entry point for an experienced local owner-operator or vertically integrated investment platform.

FOR SALE DETAILS

PRICE

$1,800,000 USD

PRICE/SF

$91 USD /SF

# OF UNITS

30

PRICE/UNIT

$60,000

CAP RATE

Request Cap Rate

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Oak View Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1973

PARKING SPACES

32

LAND DETAILS

LAND ACRES

0.81 AC

LAND SF

35,284 SF

ZONING

R7

APN/PARCEL ID

2221-0002-14

ASK ABOUT THIS PROPERTY

Mo BarryLee & Associates | OmahaMore Info
404-740-9458

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

Mo BarryLee & Associates | OmahaMore Info
404-740-9458

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