7739 Main St, Ralston, Nebraska, United States | Homes For Sale at GLOBAL LISTINGS

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Home For Sale

$1,795,000

7739 Main St
Ralston, Nebraska, United States

Listed By: Realtyww Info

Listed On: 08/29/2024

Listing ID: GL11380316 View More Details

Description

PROPERTY SPECIFICATIONS o Avery Place Apartments o 7739, 7745 and 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 and (6) 1BR1BA 575 SF PHYSICAL CONDITION o Age of roof: 2023 o Apartment condition: (11) units fully renovated and (2) units undergoing full renovation work Fully renovated: upgraded-waterproof LVP flooring, lights, door hardware, updated kitchens and bathrooms o Upgraded mechanicals [(14) furnaces and (16) A/Cs replaced in past 3 - 7 years] o Common areas recently painted o Hardwired smoke/CO detection systems and 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 and taxes]: $35, 746

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Listed by: Stephen Ward