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2051 Deer Park Blvd, Omaha, NE 68108

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For Sale

$335,000

5 baths • 4,434 sqft

Estimated Payment

$      /mo. †

APR for 30 years

Change Loan Terms

  • Multi-Family (2-4 Units)
    Property type

  • Newly Listed
    Time on Century 21

  • $75.55
    Price per square foot

  • Over 50 Years Old
    Age

Explore this Property

5-Unit Multi-Family | South Omaha Price: $335,000 2024 Taxes: $2,953 Square Footage: 4,434 ± sqft Year Built: 1911 Unit Mix: Five (5) 1-Bed / 1-Bath units Overview: Parking: Outdoor pad with additional street parking Current Occupancy: 4 of 5 units rented Rent Roll: 4 units occupied at $700/mo = $2,800 gross monthly rent Lease Terms: All tenants on month-to-month agreements Unit 5: Vacant, left open for new owner to update or lease long-term Utilities: Landlord pays water, gas, and electric (approx. $600/month) Highlights: Excellent access to I-80 and South Omaha Quiet neighborhood with mature trees Value-add potential through updates, rent increases, and occupancy stabilization Financial Snapshot: Current Gross Rent: $2,800/month ($33,600 annualized) Pro Forma Gross Rent (fully occupied): $3,500/month ($42,000 annualized) Expenses: Utilities ($600/mo = $7,200/yr) + Taxes ($2,953/yr) Net Income (current): Approx. $23,447/year Net Income (pro forma): Approx. $31,847/year Cap Rate: 7.0% current | 9.5% pro forma Insurance, management, and reserves not included in expenses - buyers should underwrite per their portfolio and coverage. Investment Notes: Month-to-month leases allow flexibility for repositioning or adjusting rents Vacant unit provides immediate upside for renovation or lease-up Landlord-paid utilities reduce NOI but are accounted for in pricing and returns Solid entry-level multi-family in a strong South Omaha rental market Broker Notes: We will work with licensed agents and brokerages representing qualified buyers Commission split and cooperation terms available upon request Showings: Please do not disturb tenants All inquiries and access coordinated through broker
MLS# 11573138

Courtesy Of Land Brokers, Inc.

(402) 996-0159

Property Features

  • Age
    Over 50 Years Old
  • Architecture Style
    Other
  • Floor Covering
    Carpet, Hardwood, Laminate
  • Roof Type
    Asphalt

Map and Directions

Directions to 2051 Deer Park Blvd, Omaha, NE 68108

Home seller CENTURY 21 Century Real Estate

Get to know the neighborhood. A local affiliated CENTURY 21 office will help you set up tours, give advice, and negotiate with sellers.

CENTURY 21 Century Real Estate

(402) 291-4800
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Monthly Payment Breakdown

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This information is provided for general informational purposes only and should not be relied on in making any home-buying decisions. School information does not guarantee enrollment. Contact a local real estate professional or the school district(s) for current information on schools. This information is not intended for use in determining a person's eligibility to attend a school or to use or benefit from other city, town or local services.

† Based on a 30-year fixed rate of 3.38% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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