2968 Poppleton Ave Omaha, NE 68105

This exceptional 14-unit apartment building presents a compelling investment opportunity in Omaha, Nebraska. Situated on a 0.24-acre lot at 2968 Poppleton Ave, this two-story brick building, constructed in 1915, boasts 11,592 square feet of net rentable space. The property comprises a mix of twelve two-bedroom units and two one-bedroom units. Significant recent upgrades enhance its value and appeal, including a new roof and gutters (2022), complete electrical and plumbing system replacements (2010), and five new water heaters (2022-2023). Seven units feature brand-new appliances (2021-2023), and approximately half of the HVAC units have been replaced. The top-floor units received a rewiring upgrade with recessed lighting in 2023. All two-bedroom units are individually metered for utilities, while a bill-back system is in place for the one-bedroom units. The property also includes five off-street parking spaces, a common laundry area with three washers and four dryers, an on-site dog relief area, updated landscaping, and a recently renovated common stairwell. The building is zoned R7 and benefits from its prime location in a tranquil residential neighborhood, conveniently situated between the Ford Birthsite and Hanscom Park, offering easy access to parks, schools, and local amenities. While some cosmetic updates remain for a value-add investor, this property represents a strong cash-flowing asset with significant upside potential. The asking price is $1,500,000.