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818 North 46th Street 818 N 46th St 20 Unit Apartment Building $1,600,000 ($80,000/Unit) 5.32% Cap Rate Omaha, NE 68132
Executive Summary
Dundee Village comprises three buildings containing 20 one-bedroom/one-bath units totaling 14,908 square feet on 0.83 acres. Built in 1950, the property features frame stucco construction representative of mid-century multifamily development in the region. Off-street parking accommodates resident and guest vehicles.
Near term upside from newly approved $9M TIF-backed investment that will completely reposition the 46th & Saddle Creek/California node. The $103M Saddle Creek Marketplace by Woodsonia will be a five-phase mixed-use redevelopment with 223 market rate apartments and 67,000 SF of retail.
Near term upside from newly approved $9M TIF-backed investment that will completely reposition the 46th & Saddle Creek/California node. The $103M Saddle Creek Marketplace by Woodsonia will be a five-phase mixed-use redevelopment with 223 market rate apartments and 67,000 SF of retail.
Data Room Click Here to Access
- Offering Memorandum
Property Facts
| Price | $1,600,000 | Apartment Style | Low-Rise |
| Price Per Unit | $80,000 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.83 AC |
| Cap Rate | 5.32% | Building Size | 14,908 SF |
| Gross Rent Multiplier | 7.85 | No. Stories | 2 |
| No. Units | 20 | Year Built | 1950 |
| Property Type | Multifamily | Parking Ratio | 1.61/1,000 SF |
| Property Subtype | Apartment | ||
| Zoning | R7 - High Density Residential | ||
| Price | $1,600,000 |
| Price Per Unit | $80,000 |
| Sale Type | Investment |
| Cap Rate | 5.32% |
| Gross Rent Multiplier | 7.85 |
| No. Units | 20 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.83 AC |
| Building Size | 14,908 SF |
| No. Stories | 2 |
| Year Built | 1950 |
| Parking Ratio | 1.61/1,000 SF |
| Zoning | R7 - High Density Residential |
Amenities
Unit Amenities
- Air Conditioning
- Heating
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
Site Amenities
- Controlled Access
- Courtyard
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 20 | - | - |
1 1
Walk Score®
Very Walkable (79)
Property Taxes
| Parcel Number | 3591-0000-24 | Improvements Assessment | $772,600 |
| Land Assessment | $229,400 | Total Assessment | $1,002,000 |
Property Taxes
Parcel Number
3591-0000-24
Land Assessment
$229,400
Improvements Assessment
$772,600
Total Assessment
$1,002,000
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818 North 46th Street | 818 N 46th St
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