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$5,000,000
8240 Blondo Street, Omaha, NE 68134
0 Beds
0 Baths
n/a sqft

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A Broker/Public Open is scheduled for Wednesday Sept 16, 3 to 6 and Saturday Sept 19, 11 to 2. Guided tours begin every hour on the hour. 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.
  • Price:
  • $5,000,000
  • Year Built:
  • 1964
  • Listing ID #:
  • 22022348
  • Street Address:
  • 8240 Blondo Street
  • City:
  • Omaha
  • State:
  • Nebraska
  • Postal Code:
  • 68134
  • County:
  • Douglas
  • Subdivision:
  • West Benson
  • Listing Status:
  • Pending
  • Has Basement:
  • Yes
  • New Construction:
  • Not New And Not A Model
  • Number Of Units:
  • 81
  • Percentage Of Basement Finished:
  • 100
  • Siding:
  • Brick/Other
  • Square Footage Source:
  • Assessor
  • Type Of Roof:
  • Composition
  • Unit 1 Monthly Rent:
  • 750
  • Unit 2 Monthly Rent:
  • 950
  • Unit 3 Monthly Rent:
  • 750
  • Unit 4 Monthly Rent:
  • 595
  • Unit1 Bathrooms:
  • 1
  • Unit1 Bedrooms:
  • 2
  • Unit1 Total Rooms:
  • 4
  • Unit2 Bathrooms:
  • 2
  • Unit2 Bedrooms:
  • 3
  • Unit2 Total Rooms:
  • 2
  • Unit3 Bathrooms:
  • 1
  • Unit3 Bedrooms:
  • 2
  • Unit3 Total Rooms:
  • 5
  • Unit4 Bathrooms:
  • 1
  • Unit4 Bedrooms:
  • 1
  • Unit4 Total Rooms:
  • 1
  • Year Built:
  • 1964
  • Annual Insurance Expenses:
  • 23943
  • Annual Maintenance Expenses:
  • 52605
  • Annual Management Expenses:
  • 34672
  • Gross Income:
  • 593667
  • Operating Expense:
  • 24574
  • Approximate Total Acres:
  • 1 To 5 Acres
  • For Sale Or Lease?:
  • For Sale
  • Property Taxes:
  • $59,657
  • Tax Year:
  • 2019
  • Cooling System:
  • Central Air
  • Heating Fuel:
  • Gas
  • Sewage Type:
  • Public Sewer, Public Water
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The amounts for the Tax, Insurance, and HOA are estimates and not actual amounts.

Your Payment
$1,400/mo

Source: CINC

  • Listing Courtesy of Nebraska Realty