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    4206 Frances St Omaha, NE 68105

    Sponsored
    For Sale
    $7,895,000

    87-Unit Apartment Building, Excellent ROI

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    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 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

    HighLights

    • 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.
    • Prime location near major medical facilities, universities, and Midtown Crossing, with easy interstate access.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

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

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    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.
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    4206 Frances St Omaha, NE 68105
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