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Property view

7739 Main Street, 
Ralston, NE 68127

$1,670,000

—

Bed

—

Bath

-

Sq Ft

Multi-Family

Sold

Listed by

Stephen Ward

Bought with BHHS Ambassador Real Estate

Exceptional Properties Group

402-213-1936

MLS#

22421967

Source:

NE OABR

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About This Home

7739 Main Street

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

Home Facts

Multi-Family

Built in 1970

Price Summary

1,795,000

MLS #:

22421967

Sold:

November 26, 2024

Structure

Structure

Year Built:

1970

Lot

Lot Size (Sq. Ft):

27,238

Finances & Disclosures

Finances

Price:

$1,795,000

Source:NE OABR
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