4821 Underwood Ave Omaha, NE 68132

Property Details for 4821 Underwood Ave

Lot size

0.07 lot acres

Property size

1,348 SF

Property type

Commercial real estate

Description

This exceptional investment opportunity comprises four distinct Omaha properties totaling 22 units. The portfolio includes three apartment buildings and one single-family home, offering a diverse range of investment options. Building sizes range from 1,348 to 13,340 square feet, built between 1900 and 1972, and situated on lots from 0.07 to 0.47 acres. The properties boast a combined Net Operating Income (NOI) of $111,022.92, with a pro-forma NOI of $168,126.43. Individual unit prices range from $91,666 to $107,142, with an average price per square foot of $176. Many units feature recent renovations including new flooring, appliances, paint, fixtures, and countertops. Several buildings offer amenities such as on-site laundry, secure entry, and garages. Conveniently located in desirable Omaha neighborhoods, these properties benefit from proximity to schools, universities, shopping, dining, and entertainment. The portfolio presents a compelling investment opportunity with strong rental potential and significant upside. Zoning is R7. This diverse portfolio offers a unique opportunity to acquire multiple income-producing properties in a thriving market. The properties are strategically located to capitalize on Omaha's robust rental market and growing population. The combination of renovated units, desirable locations, and strong projected NOI makes this an attractive investment for experienced real estate investors.