2583 Laurel Avenue

    Omaha, NE 68111
    • $65,000
    • STATUS: Active
    • MLS #: 21926831
    UPDATED: 45 min ago
    $65,000
    • 0
      BEDS
    • Up to 1/4 Acre
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1944
    County:
    Area:

    School Information

    Elementary School:
    Middle School:
    High School:
    School District:

    Description

    2 Story Duplex (2) 792 SF 2BR1BA. Proper turn renovations on each unit provide rent projections at $750 to $800/month. Estimated renovation costs $20K and $10K in mechanicals and exterior work for both units. Taking Gross Rent Multiplier (GRM) into consideration: $65,000 (purchase price) + $30,000 (improvements) would be $95,000. In a hot market, $800/month both sides would be $19,200 per year. GRM: 20.21%. In a down market, projected rents could be considered as low as $600/month both sides or $14,400 per year. At $95,000 investment, GRM: 15.15%. A solid range for a GRM is 9.0 and 11.0%. In other words, the annual gross rent is 9.0 to 11.0% of the total investment. A blended GRM range of 15.0 to 20.0% for a strong market and down market is considered very good. ALL MATERIAL PRESENTED HEREIN IS INTENDED FOR INFORMATION PURPOSES ONLY. WHILE, THIS INFORMATION IS BELIEVED TO BE CORRECT, IT IS REPRESENTED SUBJECT TO ERRORS, OMISSIONS, CHANGES OR WITHDRAWAL WITHOUT NOTICE.

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    Listing information © 2019 Great Plains Regional MLS. The information relating to real estate for sale on this website comes from the Internet Data Exchange program of the Great Plains Regional MLS. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed accurate by the MLS or Omaha Real Estate Group | Berkshire Hathaway HomeServices. Data last updated 2019-12-09T21:34:40.38.
    www.omaharealestategroup.com/homes/100854737

    2583 Laurel Avenue Omaha, NE 68111

    • Price: $65,000
    • Status: Active
    • Updated: 45 min ago
    • MLS #: 21926831
    0
    Beds
    0
    Baths
    0
    ½ Baths
    Up to 1/4 Acre
    Acres
    1944
    Built
    Neighborhood:
    Dross & Wilsons
    County:
    Douglas
    Area:
    Douglas
    Elementary School:
    Adams
    Middle School:
    Hale
    High School:
    North
    School District:
    Omaha
    Property Description
    2 Story Duplex (2) 792 SF 2BR1BA. Proper turn renovations on each unit provide rent projections at $750 to $800/month. Estimated renovation costs $20K and $10K in mechanicals and exterior work for both units. Taking Gross Rent Multiplier (GRM) into consideration: $65,000 (purchase price) + $30,000 (improvements) would be $95,000. In a hot market, $800/month both sides would be $19,200 per year. GRM: 20.21%. In a down market, projected rents could be considered as low as $600/month both sides or $14,400 per year. At $95,000 investment, GRM: 15.15%. A solid range for a GRM is 9.0 and 11.0%. In other words, the annual gross rent is 9.0 to 11.0% of the total investment. A blended GRM range of 15.0 to 20.0% for a strong market and down market is considered very good. ALL MATERIAL PRESENTED HEREIN IS INTENDED FOR INFORMATION PURPOSES ONLY. WHILE, THIS INFORMATION IS BELIEVED TO BE CORRECT, IT IS REPRESENTED SUBJECT TO ERRORS, OMISSIONS, CHANGES OR WITHDRAWAL WITHOUT NOTICE.
    Exterior Features

    Fence None Garage Type None Lot Dimensions 120 X 64 Parking Spaces 2

    Interior Features

    Basement Yes Basement Percent 100 Foundation Concrete Block Heating Fuel Gas Heating Type Forced Air Walk Out Basement No

    Property Features

    Agent Has Equity No Annual Expense Source Not Available Assessments No Conversion No Multifamily Type Multi-Family New Construction Not New And Not A Model Ownership Type Fee Simple REO No Sewer And Water Public WaterPublic Sewer Special Assessments No Tax Amount 756.88 Tax Year 2018 Taxes Partial Or Full Full

    Listing information © 2019 Great Plains Regional MLS.
    Listing provided courtesy of Exceptional Properties Group.


    Listing information © 2019 Great Plains Regional MLS. The information relating to real estate for sale on this website comes from the Internet Data Exchange program of the Great Plains Regional MLS. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed accurate by the MLS or Omaha Real Estate Group | Berkshire Hathaway HomeServices. Data last updated 2019-12-09T21:34:40.38.
     
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