Kearney Apartment Homes

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Kearney Apartment Homes

Kearney, NE
Available
  • Property Type: Apartments
  • Year Built : 1960/2018
  • Property Size: 52,368 SF / 107 Units
  • Price: $9,975,000

Overview

Capstone Apartment Partners is pleased to present the Kearney Apartment Homes, a 107-unit, apartment community located in Kearney, Nebraska. Just outside of Downtown Kearney, the property has several tenant friendly amenities such as off-street private parking, barbecue area, and is just a few blocks from the Kearney Country Club. Kearney Apartment Homes is also one of the few pet-friendly properties in town with a dog washing station and park for residents to enjoy. The complex is also located a short distance away from the city’s best grocery stores, restaurants, and entertainment.

Investment Highlights

Value Add Potential:

The Kearney Apartment Homes are perfectly positioned for the implementation of an interior value-add program that will realize significant premiums over current in-place rents. Based on a modest value-add analysis completed by Capstone, it is projected that the property can achieve rental increase of greater than 12% which would equate to an ROI of 15%.

Contact Information

Kevin Phelan Senior Advisor P: 917.679.8723
O: 800.746.3175 ext. 7062
kphelan@capstone-companies.com
Adam Riddle Partner P: 303.257.7627
O: 800.746.3175 ext 7050
ariddle@capstone-companies.com
Josh Benard Investment Sales Advisor P: (916) 216-4606
O: 800.746.3175 ext. 7056
jbenard@capstone-companies.com