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1015 North 16th Street
Omaha, NE 68102
Asking Price
Contact for price
Asset Type
Apartment Building Multifamily
Class
Class B
What's Special
68 Units | Below Replacement Cost with Rent & Commercial Upside <p><strong style="color: rgba(33, 37, 41, 1)">IN-PLACE RESIDENTIAL RENTS TRAIL SURROUNDING NEW-CONSTRUCTION COMPARABLES BY A MATERIAL MARGIN</strong></p><p><span style="color: rgba(33, 37, 41, 1)">Average in-place rents at Nichol Flats sit below the asking rents of the five directly comparable, recently delivered communities within 0.3 miles. Closing the gap is a buyer's strategic decision as the path may combine systematic renewal pricing discipline, selective unit refresh at turnover, common-a
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NOI
$80,000
Cap Rate
8.00%
DSCR
1.35
Strong
Cash-on-Cash
6.88%
Monthly Payment
$4,947.454
Annual Cash Flow
$20,630.547
