1612 E D Street, North Platte, NE 69101

Allura Gardens is a 72-unit, garden-style apartment community consisting of six two-story buildings. The unit mix is balanced between 1- and 2-bedroom apartments. Residents have access to washers and dryers in every building, and the community also offers additional income opportunities through 48 garages, pet fees, and laundry collections. The property has undergone recent capital improvements, including new windows, doors, balconies, flooring, and kitchens.

Located in North Platte, Nebraska, the property is positioned in the regional hub for healthcare, manufacturing, logistics, and rail. The surrounding employment base includes a new $400MM beef packing plant with 900 jobs, Amazon and Walmart distribution centers, and a developing Rail Park projected at 600-900 jobs, along with rapid expansion of the Great Plains Regional Medical Center. Limited apartment supply in the sub-$1,300 rent range is described as supporting continued demand.

For investors or operators seeking multifamily income with room for revenue growth, Allura Gardens includes a phased, month-by-month rent increase for tenants under market value, along with recently lowered operating expenses. Current figures cited include an actual NOI of $38,172 on $68,276 of GI for the month ending May 31, 2026, and a listed asking price of $6,500,000. The offering also references a pro-forma stabilized NOI of $522,000 and T-12 gross income of $659,000.