2230 2236 jones street
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402.672.6566
402.916.4055
landmarkomaha.com
Phone
Fax
Online
2230 .. 2236 Jones StreetOmaha // Nebraska 68102
Offered At$445,000
72 Units2 Buildings
Presented By DAVE PALADINO Broker, REALTORRYOUR INTELLIGENT REAL ESTATE EXPERT
LandmarkGroup
QUICKFACTS72 UnitsAll Studio Units280 SqFt Each2 Buildings, 3 Stories Each Total SqFt: 32,264Brick Exterior, Built 19199’ BasementCoin Laundry RoomNo Elevator
TWO APARTMENTBUILDINGS FOR SALE
IN NEED OF REHABGREAT INVESTMENT POTENTIAL.
26 units have been upgraded46 units need $3,500 of repairs/upgrades eachAll windows should be replacedA new heating system needs to be put in
2230 Jones Street 2236 Jones Street
FINANCIAL FACTS
AverageRent $425
Year Built1919
EXPENSE % OF GOI INCOME
GROSS SCHEDULED INCOME 367,200.00 Vacancy & Credit Loss (36,720.00)EFFECTIVE RENTAL INCOME 330,480.00 Plus Other Income
GROSS OPERATING INCOME (GOI) 330,480.00
OPERATING 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% Property Management (33,048.00) 10.0% 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% Water/Sewer (9,300.00) 2.8% 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
COMMENTSVacant 100%Cap Rate 14.85%Lot Size 12,420Total Living SqFt 32,264*Year Built 1919
This information is not guaranteed by Landmark Group or Broker and is subject to change, withdrawl and errors.
*All Measurements Approximate
PropertyResidential Income | Apartments
Description2 Buildings, 3 Stories with Basement
Vacant46 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.
DIRECTIONS
Located inA STRONGrental market!
Located on JONES STREETJust off of SOUTH 24TH STREET
and ST MARYS AVE
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DEMOGRAPHIC
QUICKFACTS
2011
PHOTOGRAPHS
402.672.6566Phone
PRESENTED BY DAVE PALADINO BROKER, REALTORR YOUR INTELLIGENT REAL ESTATE EXPERT
LandmarkGroup
402.916.4055Online
landmarkomaha.com
MLS:21111257Loopnet: 17201600