7110-7122 Jones Cir - Apartments FOR SALE


Omaha, NE 68106- Elmwood Park
$6,750,000 USD
402-657-9081
7110-7122 Jones Cir, Omaha, NE for Sale
$6,750,000 USD
Apartments - FOR SALE
1/8
null | 6.57% Cap Rate

7110-7122 Jones Cir
Omaha, NE 68106
Elmwood Park


HIGHLIGHTS

  • Rare 1990 Build
  • Proximity to University, New Major Developments
  • Excellent Unit Mix

OVERVIEW

The Langston Loge Apartments is an 81-unit complex located at 7110-71166 Jones Circle in Omaha, Nebraska Built in 1990, and consisting of a mix of studio and one bed room apartments, the property serves a stable tenant base, including international scholars and students, due to its strategic proximity to major academic centers The location is a primary draw for the property, offering proximity to major institutions and a massive new mixed-use development: Proximity to Campuses: The apartments are located approximately 1 km from the University of Nebraska Omaha (UNO) Dodge Campus and are just minutes from the University of Nebraska Medical Center (UNMC) The Crossroads Redevelopment: A major transformative project is underway at the nearby intersection of 72nd and Dodge Streets This 42-acre mixed-use development will feature a public plaza alongside residential, retail, and office components A centerpiece of the first phase is Gamescape, a 90,000-square-foot Cinemark entertainment venue featuring bowling, an arcade, laser tag, and a full-service restaurant This project signals significant momentum for the corridor and is expected to enhance the appeal of surrounding properties like Langston Recreation and Lifestyle: Elmwood Park: This historic 19th-century park is just a few blocks away and offers walking trails, a public pool, a pavilion, a baseball field, and an 18-hole golf course Aksarben Village: Located 4–5 minutes away, this popular hub provides a variety of restaurants, bars, shops, businesses, and parks Convenience: The property is near diverse shopping and dining opportunities and is served by local bus lines

FOR SALE DETAILS

PRICE

$6,750,000 USD

PRICE/SF

$117 USD /SF

# OF UNITS

81

PRICE/UNIT

$83,333

CAP RATE

6.57%

% LEASED

92%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Langston Loge

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1990

PARKING SPACES

86

LAND DETAILS

LAND ACRES

2.31 AC

LAND SF

100,432 SF

ZONING

CC

APN/PARCEL ID

1987-2510-19

ASK ABOUT THIS PROPERTY

Jim SandersonCascade Real Estate GroupMore Info
402-657-9081

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Jim SandersonCascade Real Estate GroupMore Info
402-657-9081

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