102 N 38th Avenue
Property Description
5 Plex priced at less than $60k a door in Omaha's Joslyn Castle / Midtown area. Under rented units leave big opportunity to increase the income from day 1 for 1 unit, other 4 units can be raised or re-leased in 2027. Built in 1900 and zoned CC. All units are 1 bed / 1 bath. Four units are currently leased with leases into 2027; one unit vacant currently on hold to allow for showings. Current in-place base rent is $2,690 per month; market rent for all five units is on average about ~$800 or ~$4,000 total. On-site laundry. Located near Blackstone, Dundee, and downtown. Units have been updated, there exterior could use some repairs. This would make a great investment, 1031 exchange, or tax write off before year end. Do not disturb tenants - showings by appointment. All facts and measurements approximate, please independently verify.
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | Apartment Buildings |
| Price: | $299,000 |
| No. of Units: | 5 |
| Year Built: | 1900 |
| Opportunity Zone: | No |
| Price per unit: | $59,800 |
| Property Website | Click Here |
| Number of Bedrooms: | 5 |
| Number of Bathrooms: | 5 |
ID: 3yd-GPRMNE-22632162
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