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4206 Frances St Omaha, NE 68105

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For Sale
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87-Unit Apartment Building, Excellent ROI

Property Features for 4206 Frances St

General Information

Property type
Multifamily properties
Class
B
Lot Size
72,310 SF

Building Details

Year Built/Renovated
1978/2021
Buildings
3
Stories
3
Units
87

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Listing Contact
Michael Maley
Michael Maley

Listing Agency: Berkshire Hathaway HomeServices Ambassador Real Estate Omaha Listing Agent: Michael Maley

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

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Property Insight Report

Overview

This stabilized, 87-unit apartment building in Omaha, Nebraska's desirable Robin Hills neighborhood presents a compelling investment opportunity. The property, comprised of three 3-story buildings on a 1.66-acre lot, boasts a 96.59% occupancy rate. Built in 1978 and extensively renovated in 2021, Copperleaf Apartments offers a mix of one- and two-bedroom units, catering to a diverse tenant base. Recent exterior improvements include fresh paint on the buildings and garages, along with enhanced landscaping. Approximately 30 units have undergone significant interior renovations, featuring new appliances, luxury vinyl plank flooring, updated fixtures, trim, and doors. Residents enjoy convenient amenities such as on-site laundry facilities, off-street parking, and parking garages. The property's prime location near the VA Hospital, Blackstone District, UNMC Medical Campus, College of Saint Mary, and Midtown Crossing, with easy interstate access, ensures high demand and strong rental income. The asking price is $7,895,000, representing a price per unit of $90,747.13. This Class B multifamily investment offers a blend of classic charm and modern updates, promising a strong return on investment for the discerning buyer. The property's location and recent renovations contribute to its high occupancy rate and attractive rental potential. This is a rare opportunity to acquire a well-maintained, high-performing apartment complex in a thriving Omaha neighborhood.
Property Profile Insight Report Location Intelligence

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Commercial real estate

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Location Insight

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  • Local Demand
City
Omaha
County
Douglas
State
Nebraska
Longitude
-95.9761734
Latitude
41.240629

FAQs

What type of property is this?
Multifamily property - 87-Unit Apartment Building, Excellent ROI
Where is this multifamily property located?
The property is located at 4206 Frances St Omaha, NE.
What is the asking price?
The asking price for this property is $7,895,000.
What are key features of this property?
This property features: 87-unit apartment building in Omaha's desirable Robin Hills neighborhood, offering a compelling investment opportunity.; Recently renovated (2021) with fresh exterior paint, landscaping enhancements, and updated garages.; Approximately 30 units feature recent interior renovations including new appliances, LVP flooring, updated fixtures, trim, and doors.
(402) 493-4663 Call to check price and availability
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