Fully Leased Multi Unit Apartment Building For Sale

Business description

This little gem of a business in Omaha, Nebraska is a fully-leased, multi-unit apartment building with ground-floor commercial space. This prime opportunity is located in Omaha, Nebraska. The brick structure is a four-story building above a basement, providing over 21,000 square feet of gross floor area. This building has lent itself beautifully to renovation as an 18 unit single-bedroom apartment complex. The relatively small floor area of the building allows natural daylight and direct sunlight to reach much of the useable space. The current owner purchased the property in 2002 and over the past 10 years, all units have received a complete remodel/update. Major building updates include a new boiler, new windows, and a new roof. Maintenance requirements for this property are minimal. The building is 100% leased with automatically-renewing apartment leases. The residents are high-end tenants which have undergone background checks prior to executing a lease with the landlord. The commercial business, located on the first level, is operating under a long-term lease. Security cameras are in place to keep the tenants, guests, and property safe and secure. This operation is running as a well-oiled machine that needs little attention by the owner. With a cap rate of 11, this business is a solid investment opportunity and priced to sell quickly. For more information on this multi-unit apartment for sale in Omaha, Nebraska call Roger Edgar with Sunbelt Business Brokers located in Omaha, Nebraska, at ------------.

Property information

Real Estate:

Real Property Included

Premises details:

5676 sq ft, $N/A

Other information

Reasons for selling:

Other Business Pursuits

Financing available:

Downpayment Required: $0