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South Hills Apartments 904-908 Kasper St 72 Unit Apartment Building For Sale Bellevue, NE 68147
INVESTMENT HIGHLIGHTS
- Proven Premiums of $165 Per Unit with Strategic Interior Enhancements
- Desirable Unit Mix Located in an Excellent School District
- Proximate to Restaurants, Shopping & Entertainment
- Comprehensive, Functional Amenities Driving Resident Retention
- Strategically Located Asset Proximate to Omaha’s Major Demand Drivers
- Offered Free and Clear of Any Existing Debt
EXECUTIVE SUMMARY
MMG Real Estate Advisors is pleased to present the opportunity to acquire South Hills Apartments, a 72-unit community located in the heart of Bellevue, Nebraska. Built in 1996, South Hills Apartments offers a proven, straightforward value-add opportunity with approximately 80% of all units still in classic condition. New ownership can capitalize on the $150+ per-unit rent premiums through cost-effective renovations while benefiting from the property’s central location near major retailers, an excellent school district, and proximity to Offutt Air Force Base.
FINANCIAL SUMMARY (PRO FORMA - 2025) Click Here to Access |
ANNUAL (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| Gross Rental Income |
-
|
-
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (PRO FORMA - 2025) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
| Sale Type | Investment | Lot Size | 4.25 AC |
| No. Units | 72 | Building Size | 119,835 SF |
| Property Type | Multifamily | No. Stories | 3 |
| Property Subtype | Apartment | Year Built/Renovated | 1996/2014 |
| Apartment Style | Low-Rise | Parking Ratio | 1.58/1,000 SF |
| Building Class | B | ||
| Zoning | MF | ||
| Sale Type | Investment |
| No. Units | 72 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Lot Size | 4.25 AC |
| Building Size | 119,835 SF |
| No. Stories | 3 |
| Year Built/Renovated | 1996/2014 |
| Parking Ratio | 1.58/1,000 SF |
| Zoning | MF |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Cable Ready
- Dishwasher
- Disposal
- Washer/Dryer Hookup
- Heating
- Ceiling Fans
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
- Walk-In Closets
- Carpet
- Dining Room
- Vinyl Flooring
- Window Coverings
SITE AMENITIES
- 24 Hour Access
- Controlled Access
- Clubhouse
- Playground
- Property Manager on Site
- Package Service
- Recycling
- Maintenance on site
- Walk-Up
- Smoke Detector
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+1 | 72 | $1,562 CAD | 865 - 866 |
1 1
PROPERTY TAXES
| Parcel Number | 011233621 | Improvements Assessment | $9,411,041 CAD |
| Land Assessment | $1,167,165 CAD | Total Assessment | $10,578,206 CAD |
PROPERTY TAXES
Parcel Number
011233621
Land Assessment
$1,167,165 CAD
Improvements Assessment
$9,411,041 CAD
Total Assessment
$10,578,206 CAD
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South Hills Apartments | 904-908 Kasper St
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