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Nichol Flats 1015 N 16th St 68 Unit Apartment Building For Sale Omaha, NE 68102
Investment Highlights
- IN-PLACE RESIDENTIAL RENTS TRAIL SURROUNDING NEW-CONSTRUCTION COMPARABLES BY A MATERIAL MARGIN
- NEW-CONSTRUCTION COMPARABLES BY A MATERIAL MARGIN
- 2016 CONSTRUCTION BY A LOCAL DEVELOPER WITH ACTIVE HOSPITALITY AND RESIDENTIAL PORTFOLIO
- ACTIVE TIF REIMBURSEMENT AGREEMENT WITH NO AFFORDABILITY COVENANTS OR RENT RESTRICTIONS
- AREA HAS ABSORBED OVER $2 BILLION IN COMMITTED INVESTMENT SINCE 2019
Executive Summary
Nichol Flats is a 68-unit multifamily property located at 1015 N. 16th Street in Omaha, Nebraska. The property was constructed in 2016 and contains approximately 65,320 rentable square feet with an average unit size of 961 square feet. Reported occupancy is 93%. The property includes 65 parking spaces and contains ground-floor commercial space along N. 16th Street. The asset is located within Omaha's North Downtown area near the Riverfront redevelopment, Mutual of Omaha Tower, Steelhouse Omaha, Charles Schwab Field, CHI Health Center, and the planned Union Omaha soccer stadium development.
Property Facts
| Sale Type | Investment | Lot Size | 0.92 AC |
| No. Units | 68 | Building Size | 107,619 SF |
| Property Type | Multifamily | Average Occupancy | 93% |
| Property Subtype | Apartment | No. Stories | 5 |
| Apartment Style | Mid-Rise | Year Built | 2016 |
| Building Class | B | Opportunity Zone |
Yes
|
| Zoning | CBD - Central Business District | ||
| Sale Type | Investment |
| No. Units | 68 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | B |
| Lot Size | 0.92 AC |
| Building Size | 107,619 SF |
| Average Occupancy | 93% |
| No. Stories | 5 |
| Year Built | 2016 |
| Opportunity Zone |
Yes |
| Zoning | CBD - Central Business District |
Amenities
Unit Amenities
- Air Conditioning
- Dishwasher
- Disposal
- Washer/Dryer
- Granite Countertops
- Hardwood Floors
- Refrigerator
- Oven
- Stainless Steel Appliances
- Freezer
Site Amenities
- Controlled Access
- Fitness Center
- Gated
- Furnished Units Available
- Recycling
- Smoke Free
- Bicycle Storage
- Elevator
- Maintenance on site
- Public Transportation
1 1
Fairly walkable
50/100
Exceptionally drivable
90/100
Limited public transit
30/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 0010-8657-18 | Improvements Assessment | $0 |
| Land Assessment | $300,600 | Total Assessment | $300,600 |
Property Taxes
Parcel Number
0010-8657-18
Land Assessment
$300,600
Improvements Assessment
$0
Total Assessment
$300,600
Contacts
-
David Carrig -
John Carrig -
Ryan Carter -
BJ Connolly -
Zach Schneider -
Greysteel Holdings
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Photos
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Nichol Flats | 1015 N 16th St
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