1334 30th Ave Omaha, NE 68105-2100
- Commercial real estate
- 3,976 SF
- 0.16 lot acres
Dec 22, 2021
Current Use by Public Records
- Commercial real estate
Property Details for 1334 30th Ave
- Year built
- 1964
- Construction
- FRAME
- Lot size
- 0.16 lot acres
- Property size
- 3,976 SF
- Property type
- Commercial real estate
- APN
- 1237530000
- APU
- 1237530000
Description
This exceptional investment opportunity presents a nine-unit apartment building located at 1334 S 30th Ave, Omaha, NE 68105. The property, built in 1964, boasts 3,976 square feet on a 0.14-acre lot and is zoned R7. The two-story brick building comprises eight one-bedroom, one-bathroom units and a studio apartment. Significant recent improvements enhance its value and appeal. These include a new roof and gutters (2022), mostly new windows (since 2021), professional landscaping, and new on-site laundry equipment (2023) consisting of one washer and two dryers. Four units feature newer appliances, and the studio unit has undergone a complete renovation, rebuilt from the studs. Further upgrades include new HVAC units, central AC units on the roof, new exterior lighting, a new parking lot on the east side, a new sidewalk on the west side, and an on-site dog relief area. The basement has been waterproofed by Thrasher (2022), with a transferable warranty. Utilities are efficiently managed with electricity separately metered and a utility bill back system for gas and water. This property is situated in a desirable residential neighborhood, offering a blend of suburban tranquility and urban convenience, close to parks, schools, and amenities. The asking price is $765,000. This is a turnkey investment with strong potential for immediate returns and long-term growth.
Value Estimations
-
AI approach
- Method
- Estimation
- Statistic approach
- $500,000
- ML approach
- $480,000
-
CAP approach
- CAP Return
- Estimation
- 6%
- $825,000
- 6.5%
- $760,000
- 7%
- $705,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $539,000
- AI Estimate
- $363,000
Market price range: $273k - $539kMarket price range: $133k - $363k
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Location Insight
- Map
- Local Demand
- City
- Omaha
- County
- Douglas
- State
- Nebraska
- Longitude
- -95.9576
- Latitude
- 41.2457
- CBSA code
- 36540
- CBSA name
- OMAHA-COUNCIL BLUFFS, NE-IA METROPOLITAN STATISTICAL AREA