Benson Garden Apartments Home / Benson Garden Apartments

$ 2,005,000

2333-2339 Benson Gardens Boulevard, Omaha, NE 68134 

  • BUYER Benson Garden Apartments, LLC
  • SF - Land 2.59 Acres
  • SF - Building 45,000 SF
  • Unit Mix 16 (1 bed - 1 bath)
    32 (2 bed - 1 bath)
    48 Total Units
  • PROPERTY TYPE Multifamily
  • YEAR BUILT 1971

CHALLENGES

  • Older Product, un-renovated
  • Property was partially in a flood plain
  • Short Close
  • Competitive market space

RESULTS

Sale Date: January 15, 2016
Price: $2,005,000
Price Per Unit: $41,771

MAJOR POINTS:

  • Strong upside potential
  • Under market rents at sale
  • Secured Favorable Financing
  • Credit from seller at close for deferred maintenance
  • New owner is renovating the property

PROJECT OVERVIEW

This property was in high demand, our buyer was one of 10+ offers and one of 4 offers at or above asking price. We were able to show him the value potential and help him secure the winning bid. The buyer is currently refreshing the units and has this asset planed as a long term hold.

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