This feature is unavailable at the moment.
We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.
Please check back in a few minutes. We apologize for the inconvenience.
- LoopNet Team
1101 W C St
Lincoln, NE 68522
Marshall Apartments · Multifamily Property For Sale
·
72 Units
PROPERTY FACTS
| No. Units | 72 | Building Size | 78,538 SF |
| Property Type | Multifamily | Average Occupancy | 87% |
| Property Subtype | Apartment | No. Stories | 3 |
| Apartment Style | Low-Rise | Year Built | 1998 |
| Building Class | B | Parking Ratio | 4.29/1,000 SF |
| Lot Size | 10.69 AC | ||
| Zoning | R2 | ||
| No. Units | 72 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Lot Size | 10.69 AC |
| Building Size | 78,538 SF |
| Average Occupancy | 87% |
| No. Stories | 3 |
| Year Built | 1998 |
| Parking Ratio | 4.29/1,000 SF |
| Zoning | R2 |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Cable Ready
- Dishwasher
- Disposal
- Microwave
- Storage Space
- Washer/Dryer
- Refrigerator
- Oven
- Carpet
- Recreation Room
- Wheelchair Accessible (Rooms)
- Window Coverings
SITE AMENITIES
- Controlled Access
- Clubhouse
- Picnic Area
- Security System
ABOUT 1101 W C ST , LINCOLN, NE 68522
OMNE Partners is pleased to announce the opportunity to acquire a stabilized multifamily complex with high occupancy and a tested value-add model. Built in 1998, The Marshall Apartments are centrally located in Lincoln, NE in a quiet, charming neighborhood off West C Street and Highway 77. The location offers residents convenient access to parks, schools, numerous retail options, and major employers. Additionally, the community is minutes from downtown Lincoln in close proximity to the Haymarket district, Pinnacle Bank Arena, Memorial Stadium, and the University of Nebraska-Lincoln. The asset offers spacious open floor plans with an average of 1,091 square feet per unit, large walk-in closets, a personal patio or balcony, and a full- size washer dryer. The amenities include a newly renovated clubhouse and a new fitness center. The value-add potential after unit turnover and remodel leaves room for rental increases. Updates to the common areas have resulted in increases of at least $30.00 (per month) for each unit. 64% of the units offer the opportunity for rental increases to market as they turnover. An additional value-add opportunity has been proven through a $4,000 per unit remodel to increase rents an additional $45.00 per month. In sum, we have modeled the total increase at $75.00 per unit based upon common area and unit remodel as well as increasing the monthly rents to market rates.
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 8 | - | 831 - 920 |
| 2+1 | 40 | - | 1,032 - 1,086 |
| 3+2 | 24 | - | 1,259 |
PROPERTY TAXES
| Parcel Number | 10-27-300-003-000 | Improvements Assessment | $7,506,400 |
| Land Assessment | $360,000 | Total Assessment | $7,866,400 |
PROPERTY TAXES
