8 Unit Multifamily Investment

Investment Overview

5818 S 14th Street is an 8-unit multifamily property in South Omaha comprising four one-bedroom and four two-bedroom units in a 6,400 SF, two-story building constructed in 1966. Each unit is paired with a dedicated garage stall. All tenants occupy on a month-to-month basis, giving a buyer immediate flexibility to move rents to market.

Investment Highlights

• Rent Upside: In-place rents of $4,950/month trail market by $3,010/month, a 61% lift to $7,960/month.
• Dedicated Garages: Eight garage stalls, one assigned to each unit.
• Flexible Tenancy: All eight units are month-to-month, so rents can reset without waiting on lease expirations.
• Utility Recovery: The pro forma assumes a flat $95/month utility billback per unit, adding $9,120 of annual income.
• Renovated Unit: Unit 6, a two-bedroom, was recently remodeled and leases at $900/month.