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Key Details
Sold Price $1,670,000
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Subdivision Ralston Addition
MLS Listing ID 22421967
Sold Date 11/26/24
Construction Status Not New and NOT a Model
HOA Y/N No
Year Built 1970
Annual Tax Amount $18,348
Tax Year 2023
Lot Dimensions 120x227
Property Sub-Type Multi-Family
Property Description
PROPERTY SPECIFICATIONS o Avery Place Apartments o 7739, 7745 & 7755 Main Street, Ralston, NE 68127 o Class C (1952/1952/1990)/????? o Unit mix: (3) 1BR1BA 600 SF, (4) 2BR1BA 675 SF, (3) 1BR1BA 500 SF, (2) studio1BA 475 SF, (1) 2BR1BA 600 SF, (1) 2BR1BA 765 SF & (6) 1BR1BA 575 SF PHYSICAL CONDITION o Age of roof: 2023 o Apartment condition: (11) units fully renovated & (2) units undergoing full renovation work Fully renovated: upgraded-waterproof LVP flooring, lights, door hardware, updated kitchens & bathrooms o Upgraded mechanicals [(14) furnaces & (16) A/Cs replaced in past 3 - 7 years] o Common areas recently painted o Hardwired smoke/CO detection systems & GFI o Re-striped parking lot FINANCIAL METRICS o Capitalization rate: 6.69% o Gross rent multiplier: 11.70 o Income/Expense Ratio: 40.96% o Return-On-Equity (ROE): 6.18% o Near-term monthly gross revenue: $17,500 o T-12 controllable operating expenses: $47,552 o T-12 fixed expenses [property insurance & taxes]: $35,746
Location
State NE
County Douglas
Area Douglas
Interior
Heating Baseboard, Forced Air
Cooling Central Air
Heat Source Electric, Gas
Exterior
Parking Features Attached
Garage Spaces 7.0
Fence None
Building
Lot Description Over 1/2 up to 1 Acre
Story Two
Foundation Concrete Block
Lot Size Range Over 1/2 up to 1 Acre
Sewer Public Sewer, Public Water
Water Public Sewer, Public Water
Construction Status Not New and NOT a Model
Schools
Elementary Schools Seymour
Middle Schools Ralston
High Schools Ralston
School District Ralston
Others
Tax ID 2042700002
Ownership Fee Simple
Acceptable Financing Cash
Listing Terms Cash
Financing Cash
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