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7110-7122 Jones Cir
Omaha, NE 68106
Langston Loge · Multifamily Property For Sale
·
81 Units
Investment Highlights
- Rare 1990 Build
- Excellent Unit Mix
- Proximity to University, New Major Developments
Executive Summary
The Langston Loge Apartments is an 81-unit complex located at 7110-71166 Jones Circle in Omaha, Nebraska
Built in 1990, and consisting of a mix of studio and one bed room apartments, the property serves a stable tenant base, including international scholars and students, due to its strategic proximity to major academic centers
The location is a primary draw for the property, offering proximity to major institutions and a massive new mixed-use development:
Proximity to Campuses: The apartments are located approximately 1 km from the University of Nebraska Omaha (UNO) Dodge Campus and are just minutes from the University of Nebraska Medical Center (UNMC)
The Crossroads Redevelopment: A major transformative project is underway at the nearby intersection of 72nd and Dodge Streets
This 42-acre mixed-use development will feature a public plaza alongside residential, retail, and office components
A centerpiece of the first phase is Gamescape, a 90,000-square-foot Cinemark entertainment venue featuring bowling, an arcade, laser tag, and a full-service restaurant
This project signals significant momentum for the corridor and is expected to enhance the appeal of surrounding properties like Langston
Recreation and Lifestyle:
Elmwood Park: This historic 19th-century park is just a few blocks away and offers walking trails, a public pool, a pavilion, a baseball field, and an 18-hole golf course
Aksarben Village: Located 4–5 minutes away, this popular hub provides a variety of restaurants, bars, shops, businesses, and parks
Convenience: The property is near diverse shopping and dining opportunities and is served by local bus lines
Built in 1990, and consisting of a mix of studio and one bed room apartments, the property serves a stable tenant base, including international scholars and students, due to its strategic proximity to major academic centers
The location is a primary draw for the property, offering proximity to major institutions and a massive new mixed-use development:
Proximity to Campuses: The apartments are located approximately 1 km from the University of Nebraska Omaha (UNO) Dodge Campus and are just minutes from the University of Nebraska Medical Center (UNMC)
The Crossroads Redevelopment: A major transformative project is underway at the nearby intersection of 72nd and Dodge Streets
This 42-acre mixed-use development will feature a public plaza alongside residential, retail, and office components
A centerpiece of the first phase is Gamescape, a 90,000-square-foot Cinemark entertainment venue featuring bowling, an arcade, laser tag, and a full-service restaurant
This project signals significant momentum for the corridor and is expected to enhance the appeal of surrounding properties like Langston
Recreation and Lifestyle:
Elmwood Park: This historic 19th-century park is just a few blocks away and offers walking trails, a public pool, a pavilion, a baseball field, and an 18-hole golf course
Aksarben Village: Located 4–5 minutes away, this popular hub provides a variety of restaurants, bars, shops, businesses, and parks
Convenience: The property is near diverse shopping and dining opportunities and is served by local bus lines
Property Facts
| Price Per Unit | $83,333 | Building Class | C |
| Sale Type | Investment | Lot Size | 2.31 AC |
| Cap Rate | 6.57% | Building Size | 57,450 SF |
| Gross Rent Multiplier | 7.1 | Average Occupancy | 92% |
| No. Units | 81 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 1990 |
| Property Subtype | Apartment | Parking Ratio | 1.5/1,000 SF |
| Apartment Style | Low-Rise | ||
| Zoning | CC - Community Commercial | ||
| Price Per Unit | $83,333 |
| Sale Type | Investment |
| Cap Rate | 6.57% |
| Gross Rent Multiplier | 7.1 |
| No. Units | 81 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 2.31 AC |
| Building Size | 57,450 SF |
| Average Occupancy | 92% |
| No. Stories | 3 |
| Year Built | 1990 |
| Parking Ratio | 1.5/1,000 SF |
| Zoning | CC - Community Commercial |
Amenities
Unit Amenities
- Air Conditioning
- Cable Ready
- Dishwasher
- Disposal
- Heating
- Ceiling Fans
- Tile Floors
- High Speed Internet Access
- Refrigerator
- Range
- Tub/Shower
- Carpet
- Dining Room
- Vinyl Flooring
- Window Coverings
Site Amenities
- Controlled Access
- Laundry Facilities
- Property Manager on Site
- Gated
- Laundry Service
- Package Service
- Maintenance on site
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 21 | - | 480 |
| 1+1 | 60 | - | 580 |
Property Taxes
| Parcel Number | 1987-2510-19 | Improvements Assessment | $4,359,800 |
| Land Assessment | $142,800 | Total Assessment | $4,502,600 |
Property Taxes
Parcel Number
1987-2510-19
Land Assessment
$142,800
Improvements Assessment
$4,359,800
Total Assessment
$4,502,600
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