Omaha Apartment Portfolio SaleBenson Gardens – 48 units
Northside Apts – 26 units
$5,249,000 total
Benson Gardens Apartments, Omaha, NE2333-2339 Benson Garden Blvd, 68134
Benson Gardens Apartments, Omaha, NE
Benson Gardens Apartments, Omaha, NEHIGHLIGHTS
These apartments are a Solid Class-B complex.
32 x 2-bed, 1 bath units ~ 950 square feet
16 x 1-bed, 1 bath units ~ 800 square feet
4 x laundry facilities on-site
42 Garage units & plenty of off street parking
Tenants pay utilities
Green space to north and east provides seclusion and space
Historical 97% occupancy rate!
Benson Gardens Apartments, Omaha, NEValue Add options;
* Garages : 42 stalls rent for ~ $75/m each ($3,150/m)
* Laundry in each building (currently free, could add Coin Opp)
4 laundry areas at $200/ each =x $800/m projected
* WIFI – add to apartment complex $25/unit ($1,200/m)
* DOGS – People love their dogs and pay extra rent to have them. Since this property is adjacent to an Omaha park area, dogs owners could be marketed for extra $100/m per unit! North building (by park) is 24 units x $100 each = extra $2,400/m.
Benson Gardens Apartments, Omaha, NEPRO FORMA formulas
32 x 2-bed units: $795/m $25,4400/m $305,280/year
16 x 1-bed units: $650/m $ 10,400/m $124,800/year
WIFI x 48 units: $25/m $ 1,200/m $ 14,400/year
Garages x 42: $75/m $ 3,150/m $ 37,800/year
Laundry x 4: $200/m $ 800/m $ 9,600/year
GROSS Income: $40,990/m $491,880/year
Northside Apartments, Omaha, NE3025 Meredith Ave, 68111
NorthsideApartments, Omaha, NE
NorthsideApartments, Omaha, NEHIGHLIGHTS
These apartments are a CASH COW portfolio.
26 x 1-bed, 1 bath units ~ 750 square feet
Potential laundry facilities on-site
Plenty of off street parking
Tenants pay utilities
Redevelopment area near MCC & Sorenson Parkway
Historical 97% occupancy rate!
NorthsideApartments, Omaha, NEValue Add options;
* Laundry in building (3 washers, 3 dryers – location in place in basement)
3 laundry sets at $100/ each =x $300/m projected
* WIFI – add to apartment complex $20/unit ($560/m)
* Add 2 studio units. They are ~90% completed today.
Rents tat $500/m each x 2 = $1,000/m
NorthsideApartments, Omaha, NEPRO FORMA formulas
26 x 1-bed units: $550/m $14,300/m $171,600/year
2 x studio units: $500/m $ 1,000/m $12,000/year
WIFI x 28 units: $20/m $ 560/m $ 6,720/year
Laundry : $300/m $ 800/m $ 9,600/year
GROSS Income: $16,660/m $199,920/year
Benson Gardens Apartments, Omaha, NE
Metro Omaha Employers
1 Offutt Air Force Base 7,500+ National Security Government
2 Allegiant Health 7,500+ Healthcare Service
3 Omaha Public Schools 7,500+ Education Service
4 The Nebraska Medical Center 7,500+ Healthcare Services
5 Methodist Health System 5,000-7,499 Healthcare Services
6 University of Nebraska Medical Center 2,500-4,999 Healthcare/Education Service
7 First Data Corp. 2,500-4,999 Transaction Processing Information
8 Union Pacific 2,500-4,999 Railroad Transportation
9 Hy-Vee, Inc. 2,500-4,999 Grocery Store Retail Trade
10 First National Bank of Omaha 2,500-4,999 Banking Finance
11 West Corporation 2,500-4,999 Customer Service Corp
12 Walmart Stores 2,500-4,999 Dept./Grocery Store Retail Trade
13 ConAgra Foods 2,500-4,999 Food Products Manufacturing
14 Mutual of Omaha 2,500-4,999 Insurance / Financial
15 Creighton University 2,500-4,999 Education Service
16 University of Nebraska at Omaha 2,500-4,999 Education Service
17 Millard Public Schools 2,500-4,999 Education Service
18 City of Omaha 2,500-4,999 Administration Government
19 PayPal, Inc. 2,500-4,999 Transaction Processing Information (EBAY)
20 Omaha Public Power District 1,000-2,499 Energy Utilities & Serv ices
Benson Gardens Apartments, Omaha, NEMetro Omaha Highlights
please download 2020 Barometer in Docs
* LOW Unemployment (3.51% long term average). Omaha has the lowest unemployment rate of any Top-100 US city as of 9/2020 according to US Bureau of Labor & Statistics. We have more jobs than people and have been recruiting folks to move here. That is a positive for real estate rentals and values!
* Market Stability. We have a Fortune 5 Company (Berkshire Hathaway) and FIVE more Fortune 500 companies based in Omaha: Union Pacific, ConAgra Foods, Peter Kiewit & Sons, Mutual of Omaha, PayPal. We have more Billionaires per Capita than any city in the United States.
Omaha area features
Offutt Air Force Base (55th Wing – communications & intelligence)
Nations #1 ranked zoo – Omaha’s Henry Doorly Zoo.
College World Series host since 1950!