26th Ave Apartments | 563 S 26th Ave
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26th Ave Apartments 563 S 26th Ave
11 Unit Block of Flats £684,644 (£62,240/Unit) 7.20% Net Initial Yield Omaha, NE 68105
Investment Highlights
- Blocks from planned Streetcar
- Attached dedicated parking lot
- Great location between Midtown/Blackstone & Downtown Omaha
Executive Summary
Nebraska Realty is pleased to present a strong investment opportunity a in prime location. Situated between Midtown and Downtown Omaha, this property boasts convenience and accessibility, with easy access to the interstate and minutes from Creighton, UNMC, Blackstone District, Old Market, CHI Center, and so much more that appeals to a wide-range of potential tenants and driving tenant demand (shops, parks, school, restaurants, entertainment, and employment). This brick 2-story building consists of 11 total units; 3 studios, 7 one-bedrooms, and 1 two-bedroom, onsite laundry, and a private parking lot newly overlayed in ’22 with 14 spaces and newer retaining wall. The owner updated the whole building in 2009, including a new roof, sprinkler system, and modern amenities throughout. With Omaha recently named by Forbes as “Best City to Move to in 2024”, the demand for rental properties in this area is soaring!
Property Facts
Price | £684,644 | Lot Size | 0.20 AC |
Price Per Unit | £62,240 | Building Size | 8,704 SF |
Sale Type | Investment | Average Occupancy | 91% |
Net Initial Yield | 7.20% | Number of Floors | 2 |
No. Units | 11 | Year Built/Renovated | 1900/2009 |
Property Type | Residential | Parking Ratio | 2.31/1,000 SF |
Property Subtype | Apartment | Cross Streets | St. Mary''s |
Apartment Style | Low Rise | Opportunity Zone |
Yes
|
Building Class | C |
Price | £684,644 |
Price Per Unit | £62,240 |
Sale Type | Investment |
Net Initial Yield | 7.20% |
No. Units | 11 |
Property Type | Residential |
Property Subtype | Apartment |
Apartment Style | Low Rise |
Building Class | C |
Lot Size | 0.20 AC |
Building Size | 8,704 SF |
Average Occupancy | 91% |
Number of Floors | 2 |
Year Built/Renovated | 1900/2009 |
Parking Ratio | 2.31/1,000 SF |
Cross Streets | St. Mary''s |
Opportunity Zone |
Yes |
Unit Amenities
- Air Conditioning
- Dishwasher
- Microwave
- Heating
- Wooden Floors
Site Amenities
- 24 Hour Access
- Laundry Facilities
Unit Mix Information
Description | No. Units | Avg. Rent.Mo | SF |
---|---|---|---|
Studios | 3 | - | - |
1+1 | 7 | - | - |
2+1 | 1 | - | - |
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Walk Score ®
Very Walkable (86)
PROPERTY TAXES
Parcel Number | 1388-0002-08 | Improvements Assessment | £205,784 |
Land Assessment | £0 | Total Assessment | £205,784 |
PROPERTY TAXES
Parcel Number
1388-0002-08
Land Assessment
£0
Improvements Assessment
£205,784
Total Assessment
£205,784
zoning
Zoning Code | R-8 Pk (Multi-Comm (Multi-Family)) |
R-8 Pk (Multi-Comm (Multi-Family)) |
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26th Ave Apartments | 563 S 26th Ave
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