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1302 S 10th St
Plattsmouth, NE 68048
SOUTH PARK APARTMENTS · Multifamily Property For Sale
·
22 Units
PROPERTY FACTS
| No. Units | 22 | Building Size | 15,030 SF |
| Property Type | Multifamily | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Stories | 1 |
| Apartment Style | Low-Rise | Year Built | 1981 |
| Building Class | C | Parking Ratio | 1.6/1,000 SF |
| Lot Size | 1.70 AC | ||
| Zoning | COM | ||
| No. Units | 22 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 1.70 AC |
| Building Size | 15,030 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built | 1981 |
| Parking Ratio | 1.6/1,000 SF |
| Zoning | COM |
AMENITIES
UNIT AMENITIES
- Air Conditioning
SITE AMENITIES
- 24 Hour Access
- Laundry Facilities
- Property Manager on Site
ABOUT 1302 S 10TH ST , PLATTSMOUTH, NE 68048
OMNE Partners is pleased to present for sale the 22-unit South Park apartment building in Plattsmouth, NE. South Park historically exhibits very low to no vacancy due to the high demand for low income housing. The building consists of 22, 1-bedroom apartments which rent for $650/mo. (as of 1/1/2018). South Park is currently under a HUD sponsored section-8 housing contract that guarantees the rents. This contract expires on 1-31-2022. The new owner would have the ability to renew or discontinue the contract, thus turning the property into a market rent property. South Park was built in 1981 and still in excellent condition with updated kitchens and a brand-new roof. The current tenant mix consists of mostly elderly men and women who tend to live there for more than 5 years.
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 22 | $650.00 | 523 |
PROPERTY TAXES
| Parcel Number | 130015466 | Improvements Assessment | $632,255 |
| Land Assessment | $70,475 | Total Assessment | $702,730 |
PROPERTY TAXES
