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Ponderosa Apartments Ponderosa Drive 32 Unit Apartment Building $3,500,000 ($109,375/Unit) 6.13% Cap Rate Lexington, NE 68850
INVESTMENT HIGHLIGHTS
- Separate entrances
- Separate maintenance building
- Ample parking
EXECUTIVE SUMMARY
Apartment Complex - 32 Units
This 32 unit complex consists of 9 residential buildings, ample parking and a separate maintenance building. This profitable investment property had 100% occupancy as of 11/1/24. Rent has recently been increased and extended leases signed for many of the units.
All apartments are ground level. All buildings are constructed with low maintenance (brick and vinyl) exteriors.
All showings must be arranged a minimum of 48 hrs in advance. Please call Jeffrey Daake of Broadoak Realty, LLC @ 402-540-3506 with any questions.
This 32 unit complex consists of 9 residential buildings, ample parking and a separate maintenance building. This profitable investment property had 100% occupancy as of 11/1/24. Rent has recently been increased and extended leases signed for many of the units.
All apartments are ground level. All buildings are constructed with low maintenance (brick and vinyl) exteriors.
All showings must be arranged a minimum of 48 hrs in advance. Please call Jeffrey Daake of Broadoak Realty, LLC @ 402-540-3506 with any questions.
FINANCIAL SUMMARY (ACTUAL - 2023) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (ACTUAL - 2023) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
| Price | $3,500,000 | Apartment Style | Garden |
| Price Per Unit | $109,375 | Building Class | C |
| Sale Type | Investment | Lot Size | 2.42 AC |
| Cap Rate | 6.13% | Building Size | 27,155 SF |
| Gross Rent Multiplier | 14.9 | Average Occupancy | 100% |
| No. Units | 32 | No. Stories | 1 |
| Property Type | Multifamily | Year Built/Renovated | 2015/2024 |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Zoning | 00 | ||
| Price | $3,500,000 |
| Price Per Unit | $109,375 |
| Sale Type | Investment |
| Cap Rate | 6.13% |
| Gross Rent Multiplier | 14.9 |
| No. Units | 32 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 2.42 AC |
| Building Size | 27,155 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built/Renovated | 2015/2024 |
| Opportunity Zone |
Yes |
| Zoning | 00 |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Washer/Dryer
- Washer/Dryer Hookup
- Kitchen
- Tub/Shower
- Family Room
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+1 | 32 | $1,300 | 830 - 840 |
1 1
PROPERTY TAXES
| Parcel Number | 24-0158008 | Total Assessment | $392,483 (2025) |
| Land Assessment | $27,208 (2025) | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $365,275 (2025) | Tax Year | 2023 |
PROPERTY TAXES
Parcel Number
24-0158008
Land Assessment
$27,208 (2025)
Improvements Assessment
$365,275 (2025)
Total Assessment
$392,483 (2025)
Annual Taxes
($1) ($0.00/SF)
Tax Year
2023
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Broadoak Realty
Ponderosa Apartments | Ponderosa Drive
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