406 N 49 Street, Omaha NE 68132

$1,195,000

Description

Glendale Apartments, an iconic Dundee property, family-owned for 21 years and offered for the first time in two decades. Ten units in two 1940 brick buildings: eight spacious 2-bed, 2-bath units, a layout that is hard to find in the area, plus two 1-bed, 1-bath units. Recent 2-bed leases at $1,200, with room to grow rents. Major exterior work is done: the roof was replaced in 2018, and tuck-pointing and brickwork were completed in 2026. Electric is separately metered for every unit, gas is separately metered for the 2-beds, and there is a tenant bill-back for water and sewer. Laundry on site, 5 garages plus a surface space, and an on-site maintenance manager who handles lawn care and snow removal. A short walk to the shops and dining of Underwood Avenue.