2051 Deer Park Blvd, Omaha, NE 68108

5-Unit Multi-Family | South Omaha Price: $305,000 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: 5/5 units rented Rent Roll: 5 units occupied at $700/mo = $3,500 gross monthly rent Lease Terms: All tenants on month-to-month agreements 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: $3,500/month ($42,000/yr) Expenses: Utilities $600/mo ($7,200/yr) + Taxes $2,953/yr + Insurance $4,800/yr = $14,953/yr Net Income (current): $27,047/yr Cap Rate: 8.9% Note: Owner self-manages and maintains. Insurance is $4,800/yr. Typical multifamily cap rates in Nebraska range from 5.5%-8.5%, depending on property class and location. Investment Notes: Month-to-month leases allow flexibility for repositioning or adjusting rents 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