1120 Park Avenue, Omaha NE 68105

$579,000

Description

Repositioned at $579,000 Fully renovated, fully furnished Park Ave Eight — 8-unit multifamily investment property, 4 minutes -1.5 miles to UNMC/Nebraska Medicine. In Omaha’s historic Hanscom Park / Field Club area near Midtown, Downtown & I-480. This is a strong demand driver for furnished mid-term rental housing. 100% rented with current gross rents of $8,700/month; buyer to verify income, expenses, & lease terms. Professionally managed turnkey asset with each unit furnished for mid or short-term rental use. Rare for this area: large tenant parking lot with 10+ off-street spaces, sitting on over a 1/4-acre lot. Features include; new driveway & parking lot, updated roof, front/rear unit access, laundry facilities, basement shelter area & potential basement storage income. Rent Roll & T-17 available. Seller requests, serious buyers only please, POF or lender approval requested. Call Agent for details. $72,375 per door, 5.55 GRM, 18.03% gross rent-to-price ratio before expenses & debts

  • Beds: 7
  • Baths: 5
  • MLS ID: 22608438
  • Type: Multi Family
  • Style:
  • Year Built: 1900

Details

  • Main Floor: N/A
  • Second Floor: N/A
  • Third Floor: N/A
  • Cooling: N/A
  • Heat: N/A
  • Basement: No
  • Basement Type: N/A
  • Basement Sq ft: N/A
  • Appliances Included: N/A
  • Lot Size: 150 x 75
  • Acres: 0.2583
  • Exterior Features: N/A
  • Fence: N/A
  • Garage Type:
  • Garage Spaces:

Other

  • Status: ACTIVE
  • School District: Omaha
  • Brokered By: Realty ONE Group Sterling
  • Utilities:
  • Tax Year: 2025
  • Taxes: $6798.74