2638 S 3rd Street Plz
- Prime Location Near Lauritzen Gardens
- Fully Renovated, Move-In Ready Condition
- 100% Occupied and Cash-Flowing Day One
- Rent Upside With Bonus Space to Grow
- A Textbook 1031 and Tax-Advantaged Hold
Property Description
Village Green Townhomes (2638-2648 S. 3rd Street) is a fully stabilized, turnkey six-unit multifamily asset within a mile of Lauritzen Gardens and minutes from the Old Market and downtown Omaha — an ideal hold for a 1031 exchange buyer or tax-motivated investor. The offering totals 15 bedrooms and 7.5 bathrooms, including non-conforming bonus bedrooms in two units' finished basements. Every unit has been comprehensively updated — hardwood floors, appliances, windows, cabinets, bathrooms, and HVAC — plus a 2024 roof and freshly re-finished 12-stall parking lot. Electronic door locks add modern security throughout. Tenants cover all utilities, with electricity separately metered and water billed back at a fixed rate, keeping expenses simple. A vacant detached garage offers immediate upside, and current rents sit below market, giving a new owner a clear, no-cost path to grow income. Unfinished basement space in several units presents additional future value-add potential. A stabilized, low-maintenance asset with embedded upside and minimal management burden.
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | Apartment Buildings |
| Price: | $1,050,000 |
| No. of Units: | 6 |
| Year Built: | 1966 |
| Lot Size: | 0.36 Acres |
| Opportunity Zone: | No |
| Price per unit: | $175,000 |
| Property Website | Click Here |
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