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    8240 Blondo Street

    Omaha, NE 68134
    • $5,000,000
    • STATUS: Active
    • MLS #: 22026915
    UPDATED: 80 min ago
    $5,000,000
    • 0
      BEDS
    • Over 1 up to 5 Acres
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1964
    County:
    Area:

    School Information

    Elementary School:
    Middle School:
    High School:
    School District:

    Description

    This property just realized a 33% increase in trailing 12 month operating income and is currently operating at 98% occupancy with NOI just under 300k. That's a solid 6% cap rate with all the capital expenses in the rear-view mirror. 47 units recently remodeled. All you have to do is sit back and collect the rent. Additional Property Info... 1 yr old Atlas IR composite roof. 100 +/- Tenant/Visitor off street parking. Dedicated laundry in each building. Only 10 units remain on subsidized rent. 12 units mo/mo. Now operating at 96% market rate. Located on high traffic bus route. Electricity metered per unit, water/gas/sewer on fee schedule. Property Manager Notes The current financial profile reflects sustainable gains in NOI as a direct result from correcting previously deferred capital expenditures and new management structures.

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    Listing information © 2020 Great Plains Regional MLS. The information relating to real estate for sale on this website comes from the Internet Data Exchange program of the Great Plains Regional MLS. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed accurate by the MLS or Stuart & Associates Real Estate Group. Data last updated 2020-12-03T07:33:30.217.
    www.soldbystuart.com/homes/111411004
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    8240 Blondo Street Omaha, NE 68134

    • Price: $5,000,000
    • Status: Active
    • Updated: 80 min ago
    • MLS #: 22026915
    0
    Beds
    0
    Baths
    0
    ½ Baths
    Over 1 up to 5 Acres
    Acres
    1964
    Built
    Neighborhood:
    West Benson
    County:
    Douglas
    Area:
    Douglas
    Elementary School:
    Adams
    Middle School:
    Monroe
    High School:
    Northwest
    School District:
    Omaha
    Property Description
    This property just realized a 33% increase in trailing 12 month operating income and is currently operating at 98% occupancy with NOI just under 300k. That's a solid 6% cap rate with all the capital expenses in the rear-view mirror. 47 units recently remodeled. All you have to do is sit back and collect the rent. Additional Property Info... 1 yr old Atlas IR composite roof. 100 +/- Tenant/Visitor off street parking. Dedicated laundry in each building. Only 10 units remain on subsidized rent. 12 units mo/mo. Now operating at 96% market rate. Located on high traffic bus route. Electricity metered per unit, water/gas/sewer on fee schedule. Property Manager Notes The current financial profile reflects sustainable gains in NOI as a direct result from correcting previously deferred capital expenditures and new management structures.
    Exterior Features

    Exterior Brick/Other Fence Other Garage Type None Lot Dimensions 1.46 ACRES Parking Spaces 81 Roof Type Composition

    Interior Features

    Basement Yes Basement Percent 100 Bedrooms U1 2 Bedrooms U2 3 Bedrooms U3 2 Bedrooms U4 1 Cooling Central Air Foundation Other Full Baths U1 1 Full Baths U2 2 Full Baths U3 1 Full Baths U4 1 Heating Fuel Gas Heating Type Other Square Feet U1 768 Square Feet U2 1232 Square Feet U3 768 Square Feet U4 600 Walk Out Basement No

    Property Features

    Agent Has Equity No Annual Exp Year End 298084 Annual Expense Source Owner Provided Assessments No Conversion No Effective Gross Income 549520 Financing Terms Accepted Other Insurance Expense 23943 Maintenance Expense 52605 Management Expense 34672 Monthly Rent U1 750 Monthly Rent U2 950 Monthly Rent U3 750 Monthly Rent U4 595 Multifamily Type Multi-Family Net Op Income 295582 New Construction Not New And Not A Model Operating Expense 24574 Ownership Type Fee Simple REO No Scheduled Gross Income 682688 Services Expense 47935 Sewer And Water Public SewerPublic Water Special Assessments No Tax Amount 59657.6 Tax Year 2019 Taxes Partial Or Full Full Units U1 4 Units U2 2 Units U3 5 Units U4 1 Utility Expense 44697

    Listing information © 2020 Great Plains Regional MLS.
    Listing provided courtesy of Nebraska Realty.


    Listing information © 2020 Great Plains Regional MLS. The information relating to real estate for sale on this website comes from the Internet Data Exchange program of the Great Plains Regional MLS. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed accurate by the MLS or Stuart & Associates Real Estate Group. Data last updated 2020-12-03T07:33:30.217.
     
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    Stuart & Associates Real Estate Group
    331 Village Pointe Plaza
    Omaha NE, 68118