NCE National Council of Exchangors
Package Detail
<< Back
National Council of Exchangors

 


CONTROL: Exclusive VALUE: $2,900,000
    LOAN: $1,246,000
    EQUITY: $1,654,000
TITLE: 74 MULTIFAMILY UNITS IN OMAHA NEBRASKA
TYPE OF PROPERTY: Multi-Family
HAVE: 67 one bed, 7 two bed well maintained Class C Apartments in Omaha. 45,450 leased sq ft.
WEBSITE ADDRESS:
PARCEL#:    
CITY, STATE: Omaha, NE COUNTY:
BENEFITS TO NEW OWNER: Ownership of 74 rental units: Income, Appreciation, Depreciation, Amortization. Possible seller carry financing, ability to deliver free and clear without needing a new loan anywhere.
GROSS SCHEDULED INCOME: $495,136    Actual
VACANCY LOSS: $27,282
GROSS EFFECTIVE INCOME: $467,854
EXPENSES: $253,336
NOI: $214,518
DEBT SERVICE: $114,000
CASH FLOW: $100,518
CAP RATE: 7.40%
ENCUMBRANCES: BALANCE: PAYMENT: RATE: DUE: ASSUMABLE:
LOAN 1: $1,246,000 $9,500 10.00% 2019 N
LOAN 2:      
BENEFITS SOUGHT: Out of Title to this asset. More, larger properties are the target, but what we need is a taker. Looking for multifamily from $3-15MM, C, B- in various states. FL,TX,OK,NE,KS,IA, or your home state. Prefer small cities.
CAN ADD: Other apartments, Notes, shares in other multifamily deals. High demand lots in Morrison, CO, West of Denver.
REMARKS: This partnership wants to move to something else. Some of the partners also own the debt. A lot of flexibility and creativity possible with this deal. Will take something small or go up. Big portfolio wants to get bigger and change some partners.
COUNSELOR: Blake Allen, EMS
Allen Realty
108 Canon ave
Manitou Springs, CO 80829
Phone: (719) 685-0707
Cell: (719) 684-4123
Fax: (719) 685-0400
blakeallenrealty@gmail.com
 
View without Photos Print with Photos Print without Photos