7739 Main Street, Ralston, NE 68127
- $1,795,000
- List Price
- $1,795,000
- MLS#
- 22421967
- Status
- ACTIVE
- Type
- Multifamily
- City
- Ralston
- Area
- Douglas
- County
- Douglas
- Year Built
- 1970
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
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Additional Information
- Basement
- Yes
- Cooling
- Central Air
- Elementary School
- Seymour
- Fence
- None
- Garage Spaces
- 7
- Garage Type
- Attached
- Heating Type
- Gas, Electric, Forced Air, Baseboard
- High School
- Ralston
- Lot Description
- Over 1/2 up to 1 Acre
- Middle School
- Ralston
- School District
- Ralston
- Subdivision
- Ralston Addition
- Tax Amount
- $18,348
- Tax Year
- 2023
- Walk Out Basement
- Yes
- Year Built
- 1970
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Listing courtesy of Exceptional Properties Group.
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