2230 .. 2236 Jones Street Offered At $445,000Omaha // Nebraska 68102 2230 Jones Street 2236 Jones Street QUICK FACTS 72 Units All Studio Units 280 SqFt Each 2 Buildings, 3 Stories Each Total SqFt: 32,264 Brick Exterior, Built 1919 9’ Basement Coin Laundry Room 72 Units No Elevator 2 Buildings TWO APARTMENT BUILDINGS FOR SALEGREAT INVESTMENT POTENTIAL. IN NEED OF REHAB 26 units have been upgraded 46 units need $3,500 of repairs/upgrades each All windows should be replaced A new heating system needs to be put in 402.672.6566Phone Landmark 402.916.4055Fax dpaladino@EmailOnline landmarkmg.com landmarkomaha.com Group YOUR INTELLIGENT REAL ESTATE EXPERTPresented By DAVE PALADINO Broker, REALTOR R
FINANCIAL FACTS EXPENSE % OF GOI INCOMEGROSS SCHEDULED INCOME 367,200.00 Vacancy & Credit Loss (36,720.00)EFFECTIVE RENTAL INCOME 330,480.00 Plus Other IncomeGROSS OPERATING INCOME (GOI) 330,480.00OPERATING EXPENSES: Accounting & Legal (1,440.00) 0.4% Advertising (3,600.00) 1.1% Licenses ($900.00) 0.3% Property Insurance (9,000.00) 2.7% Average Property Management (33,048.00) 10.0% Rent $425 Payroll- Resident Mngr. 0.0%TAXES: Real Property (16,704.00) 5.1%SERVICE: Repairs & Maintenance (14,400.00) 4.4% Landscaping (3,600.00) 1.1%UTILITIES: Electricity (51,840.00) 15.7% Gas/Oil (6,720.00) 2.0% Year Built Water/Sewer (9,300.00) 2.8% 1919 Trash (2,400.00) 0.7% Telephone/Internet (1,200.00) 0.4%OTHER: Secutiry (10,800.00) 3.3% Banking (600.00) 0.2% Misc (600.00) 0.2%TOTAL OPERATING EXPENSES (166,152.00) 50.3%NET OPERATING INCOME 49.7% $164,328.00
DIRECTIONS Located on JONES STREET Just off of SOUTH 24TH STREET and ST MARYS AVE Located in A STRONG rental market!COMMENTS Vacant 100% Cap Rate 14.85% Lot Size 12,420 Total Living SqFt 32,264* Year Built 1919 *All Measurements Approximate Property Residential Income | Apartments Description 2 Buildings, 3 Stories with Basement Vacant 46 units need rehab, plus new windows and a new heating system. Bene�its to New Owner Great potential for someone who wants to put in the work. This information is not guaranteed by Landmark Group or Broker and is subject to change, withdrawl and errors.