5818 S 14th Street
- Rent Upside: In-place rents of $4,950/month trail market by $3,010/month, a 61% lift to $7,960/month.
- Dedicated Garages: Eight garage stalls, one assigned to each unit.
- Flexible Tenancy: All eight units are month-to-month, so rents can reset without waiting on lease expirations.
- Utility Recovery: The pro forma assumes a flat $95/month utility billback per unit, adding $9,120 of annual income.
- Renovated Unit: Unit 6, a two-bedroom, was recently remodeled and leases at $900/month.
Property Description
5818 S 14th Street is an 8-unit multifamily property in South Omaha comprising four one-bedroom and four two-bedroom units in a 6,400 SF, two-story building constructed in 1966. Each unit is paired with a dedicated garage stall. All tenants occupy on a month-to-month basis, giving a buyer immediate flexibility to move rents to market.
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | Apartment Buildings |
| Price: | $600,000 |
| No. of Units: | 8 |
| Year Built: | 1966 |
| Lot Size: | 0.35 Acres |
| Opportunity Zone: | No |
| Price per unit: | $75,000 |
| Property Website | Click Here |
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