C & C Apartments 1404 Rodeo Rd

C&C Apartments, located at 1404 and 1420 Rodeo Dr in North Platte, Nebraska presents a unique investment opportunity at competitive basis. The converted motel features three continuous buildings across 51 total units, with 44 currently rentable, offering strong potential cash flow and long-term appreciation.
The 46 studio units are simple and easy to maintain, offer streamlined operational efficiency, and are in quality condition. There are 5 one-bedroom units, two of which can be built out by new ownership, offering tenants and new ownership different options. There is immense potential to increase revenue through strategic updates and a modernized approach to management, as only roughly 60% of the total units are currently being rented. With its strong location and growth potential, C&C Apartments will provide much needed housing to a town that is poised for rapid growth.
North Platte is home to major transportation routes and local attractions, with a brand-new meatpacking plant headlining recent new developments. The plant, which Sustainable Beef and Walmart spent more than $400M on, will directly and indirectly provide between 1,500 and 3,000 jobs. The plant is scheduled to be complete and fully operational by Spring 2025 and will inject roughly $1B annually into the North Platte and Nebraska economy.