4206 Frances St Omaha, NE 68105

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.