1014 N 48th Avenue

Omaha, NE 68132
Beds
7
Baths
7
Square Ft.
3,969
$870,000
Fully occupied 12-unit building in a high-demand corridor near Dundee, Blackstone, and UNMC. All units are 1-bed/1-bath with rents currently below market, offering immediate upside and stronger cap-rate potential. Major capital improvements already completed, including over $155,000 in new stairs and balconies (2023) and more than $60,000 in concrete workRead MoreRead Less
Courtesy of Nick Gollin, Nebraska Realty.
Listing Snapshot
Days Online
9
Last Updated
Property Type
Multi Family
Beds
7
Full Baths
7
Square Ft.
3,969
Lot Size
0.3 Acres
Year Built
1965
MLS Number
22615434
30 Days Snapshot Of 68132
$585k
+57%
(avg) sold price
12
0%
homes sold
55
+3%
(avg) days on market
Snapshot
Area Map
Additional Details
Appliances & Equipment
Appliances: "Range", "Refrigerator"
Building
4th Floor SqFt: 1, Building Area Total: 3969, Built in 1965, Construction Materials: "Masonite", "Brick/Other", Levels: "Three Or More", Number of A/C Units: 12, Number of Elect. Meters: 12, Vacant Square Ft: 1, Living Area: 3969 Square Feet
Cooling
Cooling Included, Cooling: "Window Unit(s)"
Expenses
Insurance Expense: $7,389, Maintenance Expense: 6360, Manager Expense: $0, Operating Expense: $19,365
Exterior Features
Patio And Porch Features: "Covered Deck", "Deck"
Fence
Fencing: "None"
Fireplaces
Fireplaces Total: 0
Foundation
Foundation Details: "Block"
Garage
Garage Spaces: 1, Garage Spaces: 0
Water Features
Irrigation
Heating
Heating Included, Heating: "Natural Gas", "Forced Air", Number of Furnaces: 12
Income
Annual Laundry Income: $0, Effective Gross Income: $88,117, Net Operating Income: $68,752, Scheduled Gross Income: $87,420
Lot
Acres: 0.2992, Area: 13034, Dimensions: 98 x 133, Features: "Over 1/4 up to 1/2 Acre", "Corner Lot", Square Feet: 13034
Parking
Covered Spaces: 0, Parking Features: "No Garage", Parking Total: 12
Property
Number of Docks: 1, Number Of Units Total: 12, Other Building on Property, Parcel Number: 0752790002, Property Condition: "Not New and NOT a Model", Property Sub Type: Multi Family
Roof
Roof: "Composition"
Sewer
Sewer: "Public Sewer"
Taxes
Full or Partial Taxes: Full, Tax Annual Amount: $8,728, Tax Legal Description: CARTHAGE ADD LOT 2 BLOCK 12 E 7 FT VAC ALLEY & ALL LOTS 1 & 98 X 133, Tax Year: 2025
Utilities
Number of Gas Meters: 1, Water Source: "Public"
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