08/22/2024
🚨NEW LISTING🚨
✅ 1960 Build, 1910 Build
✅ 7.9 Cap
✅ NOI $146,300
✅ 31 Total Units
✅ Assignable Insurance Claim & Government Renovation Funding
Lee & Associates presents two value-add opportunities: a 27-unit multifamily property located at 3025 Meredith Ave, Omaha, NE 68111, and a neighboring fourplex. Both properties are currently cash-flowing with the potential for increased profitability. The 27-unit building, dating back to the 1960s, consists mostly of one-bedroom units, with recent renovations in 11 units achieving rents of $800 per month.
The fourplex at 4738 N 38th St, Omaha, NE 68111, includes three one-bedroom, one-bath units and one two-bedroom, one-bath unit, generating $2,912 per month, with tenants contributing to utility costs. There is room to improve the asset value, making it a strong complement to the Meredith Avenue property.
This package includes amenities like off-street parking, a laundry room, a property management office, and a fully integrated security system. This investment offers potential for further renovations and value appreciation, especially with government-supported exterior updates and an assignable insurance claim. The properties are located in a well-established residential neighborhood with access to parks, schools, and public transportation, benefiting from ongoing revitalization efforts.
