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Buy a multi-family propertyat 401 S 38 Avenue, Omaha, NE 68131

$925,000

$995,000 (-7.04%)

$0/mo

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Multifamily

3,093 Sq. Ft.

6 Bedrooms

6 Bathrooms

369 Days on market

22308355 MLS ID

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About 401 S 38 Avenue multi-family property

Located in the historic Blackstone District is this beautiful mansion separated into 6 units. Situated on the corner of 38th Ave & Harney St, within walking distance to Mutual of Omaha, Turner Park, UNMC and all that Blackstone District has to offer. This home features original woodwork, new windows, laundry area, extra storage area, new roof, updated bathrooms, assigned offstreet parking and outside sitting / grilling areas. 4% Cap Rate!
Located in the historic Blackstone District is this beautiful mansion separated into 6 units. Situated on the corner of 38th Ave & Harney St, within walking distance to Mutual of Omaha, Turner Park, UNMC and all that Blackstone District has to offer. This home features original woodwork, new windows, laundry area, extra storage area, new roof, updated bathrooms, assigned offstreet parking and outside sitting / grilling areas. 4% Cap Rate!

Property details

Appliances and Equipment

Appliances: "Range - Cooktop + Oven", "Refrigerator", "Connection For Gas Ranges"

Bathrooms

6 full bathrooms

6 total bathrooms

Bedrooms

6 total bedrooms

House

Building Area Total: 3093

Built in 1910

Construction Materials: "Stucco", "Brick/Other"

Levels: "Three Or More"

Number of A/C Units: 6

Number of Elect. Meters: 7

Living Area: 3093 Square Feet

Cooling

Cooling Included

Cooling: "Window Unit(s)"

Expenses

Insurance Expense: $6,288

Exterior Features

Exterior Features: "Storm Cellar"

Patio And Porch Features: "Porch", "Patio"

Fence

Fencing: "Other"

Foundation

Foundation Details: "Block"

Water

Irrigation

Heating

Heating Included

Heating: "Water Source", "Hot Water", "Radiant"

Number of Furnaces: 1

Income

Annual Laundry Income: $2,400

Effective Gross Income: $49,800

Gross Op Income: $52,200

Net Operating Income: $38,868

Scheduled Gross Income: $52,200

Laundry

Features: "Laundry Facilities"

Listing

Contract Status Change Date: 2023-04-30

Listing Agreement: Exclusive Right To Sell

Listing Terms: "Cash", "Conventional"

Previous List Price: $995,000

Standard Status: Active

Total Actual Rent: $4,150

Location

City: Omaha

County Or Parish: Douglas

MLS Area Major: Douglas

Postal Code: 68131

State Or Province: NE

Subdivision Name: HIGHLAND PLACE

Lot

Features: "Up to 1/4 Acre.", "Corner Lot"

Lot Included in Price

Parking

Parking Features: "No Garage"

Parking Total: 6

Property

Number Of Units Total: 6

Other Building on Property

Other Structures: "Shed(s)"

Parcel Number: 1310860000

Property Condition: "Not New and NOT a Model"

Property Sub Type: Multi Family

Roof

Roof: "Composition"

Additional Rooms

Rooms Total: 21

Schools

Elementary School: Jackson

Middle Or Junior School: Norris

High School: Central

Elementary School District: Omaha

Middle Or Junior School District: Omaha

High School District: Omaha

Sewer

Sewer: "Public Sewer"

Taxes

Full or Partial Taxes: Full

Tax Annual Amount: $8,611

Tax Legal Description: HIGHLAND PLACE LOT 16 BLOCK 19 N 41 W 95 FT LT 15 & W 95 FT

Tax Year: 2022

Utilities

Number of Gas Meters: 1

Water Source: "Public"

Monthly cost

Estimated monthly cost

$6,642/mo

All calculations are estimates and provided for informational purposes only. Actual amounts may vary.

Schools

This home is within the Omaha Public Schools.

Omaha enrollment policy is not based solely on geography. Please check the school district website to see all schools serving this home.

Private schools

Seller fees & commissions

Home sale price

$

Outstanding mortgage

$

Selling with traditional agent

Selling with Unreal Estate agent

Your total sale proceeds$869,500

+$27,750

$897,250

Seller agent commission$27,750 (3%)*

$0 (0%)

Buyer agent commission$27,750 (3%)*

$27,750 (3%)*

*Commissions are based on national averages and not intended to represent actual commissions of this property

Get $27,750 more selling your home
with an Unreal Estate agent

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State

  • Land in Nebraska

Unreal Estate checked: Aug 8, 2023 at 4:35 p.m.

Data updated: May 11, 2023 at 3:43 p.m.

Courtesy of Bill Simmons, BHHS Ambassador Real Estate.
Information herein is deemed reliable but not guaranteed and is provided exclusively for consumers' personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Information herein is deemed reliable but not guaranteed and is provided exclusively for consumers' personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Listing Information © 2024 Great Plains Regional MLS. All Rights Reserved.

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