Omaha Apartment Portfolio SaleBenson Gardens – 48 units

Northside Apts – 26 units

$5,249,000 total

Benson Gardens Apartments, Omaha, NE2333-2339 Benson Garden Blvd, 68134

Benson Gardens Apartments, Omaha, NE

Benson Gardens Apartments, Omaha, NEHIGHLIGHTS

These apartments are a Solid Class-B complex.

32 x 2-bed, 1 bath units ~ 950 square feet

16 x 1-bed, 1 bath units ~ 800 square feet

4 x laundry facilities on-site

42 Garage units & plenty of off street parking

Tenants pay utilities

Green space to north and east provides seclusion and space

Historical 97% occupancy rate!

Benson Gardens Apartments, Omaha, NEValue Add options;

* Garages : 42 stalls rent for ~ $75/m each ($3,150/m)

* Laundry in each building (currently free, could add Coin Opp)

4 laundry areas at $200/ each =x $800/m projected

* WIFI – add to apartment complex $25/unit ($1,200/m)

* DOGS – People love their dogs and pay extra rent to have them. Since this property is adjacent to an Omaha park area, dogs owners could be marketed for extra $100/m per unit! North building (by park) is 24 units x $100 each = extra $2,400/m.

Benson Gardens Apartments, Omaha, NEPRO FORMA formulas

32 x 2-bed units: $795/m $25,4400/m $305,280/year

16 x 1-bed units: $650/m $ 10,400/m $124,800/year

WIFI x 48 units: $25/m $ 1,200/m $ 14,400/year

Garages x 42: $75/m $ 3,150/m $ 37,800/year

Laundry x 4: $200/m $ 800/m $ 9,600/year

GROSS Income: $40,990/m $491,880/year

Northside Apartments, Omaha, NE3025 Meredith Ave, 68111

NorthsideApartments, Omaha, NE

NorthsideApartments, Omaha, NEHIGHLIGHTS

These apartments are a CASH COW portfolio.

26 x 1-bed, 1 bath units ~ 750 square feet

Potential laundry facilities on-site

Plenty of off street parking

Tenants pay utilities

Redevelopment area near MCC & Sorenson Parkway

Historical 97% occupancy rate!

NorthsideApartments, Omaha, NEValue Add options;

* Laundry in building (3 washers, 3 dryers – location in place in basement)

3 laundry sets at $100/ each =x $300/m projected

* WIFI – add to apartment complex $20/unit ($560/m)

* Add 2 studio units. They are ~90% completed today.

Rents tat $500/m each x 2 = $1,000/m

NorthsideApartments, Omaha, NEPRO FORMA formulas

26 x 1-bed units: $550/m $14,300/m $171,600/year

2 x studio units: $500/m $ 1,000/m $12,000/year

WIFI x 28 units: $20/m $ 560/m $ 6,720/year

Laundry : $300/m $ 800/m $ 9,600/year

GROSS Income: $16,660/m $199,920/year

Benson Gardens Apartments, Omaha, NE

Metro Omaha Employers

1 Offutt Air Force Base 7,500+ National Security Government

2 Allegiant Health 7,500+ Healthcare Service

3 Omaha Public Schools 7,500+ Education Service

4 The Nebraska Medical Center 7,500+ Healthcare Services

5 Methodist Health System 5,000-7,499 Healthcare Services

6 University of Nebraska Medical Center 2,500-4,999 Healthcare/Education Service

7 First Data Corp. 2,500-4,999 Transaction Processing Information

8 Union Pacific 2,500-4,999 Railroad Transportation

9 Hy-Vee, Inc. 2,500-4,999 Grocery Store Retail Trade

10 First National Bank of Omaha 2,500-4,999 Banking Finance

11 West Corporation 2,500-4,999 Customer Service Corp

12 Walmart Stores 2,500-4,999 Dept./Grocery Store Retail Trade

13 ConAgra Foods 2,500-4,999 Food Products Manufacturing

14 Mutual of Omaha 2,500-4,999 Insurance / Financial

15 Creighton University 2,500-4,999 Education Service

16 University of Nebraska at Omaha 2,500-4,999 Education Service

17 Millard Public Schools 2,500-4,999 Education Service

18 City of Omaha 2,500-4,999 Administration Government

19 PayPal, Inc. 2,500-4,999 Transaction Processing Information (EBAY)

20 Omaha Public Power District 1,000-2,499 Energy Utilities & Serv ices

Benson Gardens Apartments, Omaha, NEMetro Omaha Highlights

please download 2020 Barometer in Docs

* LOW Unemployment (3.51% long term average). Omaha has the lowest unemployment rate of any Top-100 US city as of 9/2020 according to US Bureau of Labor & Statistics. We have more jobs than people and have been recruiting folks to move here. That is a positive for real estate rentals and values!

* Market Stability. We have a Fortune 5 Company (Berkshire Hathaway) and FIVE more Fortune 500 companies based in Omaha: Union Pacific, ConAgra Foods, Peter Kiewit & Sons, Mutual of Omaha, PayPal. We have more Billionaires per Capita than any city in the United States.

Omaha area features

Offutt Air Force Base (55th Wing – communications & intelligence)

Nations #1 ranked zoo – Omaha’s Henry Doorly Zoo.

College World Series host since 1950!