4206 Frances St Omaha, NE 68105

Property Details for 4206 Frances St

Year built

1978

Construction

FRAME

Lot size

1.66 lot acres

Property size

22,554 SF

Property type

Commercial real estate

APN

515140002

APU

515140002

Description

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.

Location Insight

City

Omaha

County

Douglas

State

Nebraska

Longitude

-95.9765

Latitude

41.2405

CBSA code

36540

CBSA name

OMAHA-COUNCIL BLUFFS, NE-IA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments