2009 Arbor St,Omaha, NE 68108
Great investment opportunity in Omaha, NE 68108
Excellent capital appreciation potential once rehabbed- see comparables below.
Area has good demand, great prices and low unemployment.
The house is 1,008 square feet plus basement of 504 sq ft. It sits on a 2,025 square foot lot and features 3 bedrooms and 1 bathroom.
FEATURES
- Single Family Residential 1,008 sq ft
- Parking: Carport, 200 sqft
- Front porch : 65 sq ft
- Stories: 2 story with basement
- Roof: Composition Shingle
- Construction: Frame
- Bedrooms: 3 Bedrooms
- Lot Size: 2,025 sqft
- Parking Spaces: 1
- Total number of rooms: 5 Rooms
- Basement: 504 sq ft basement
- Exterior Walls: Siding (Alum/Vinyl)
- Lot:
Acreage 2,025 sq ft
Frontage: 25' Depth 81'
Zoning R5
The property needs a rehab and has been condemned by the city. The buyer will need to contact the city and start rehab urgently.
Great location
The property is located on a quiet and pleasant secluded street within just 4 miles of Downtown Omaha, close to main centres of employment and local facilities and amenities.
Downtown Omaha: 4.0 miles
VA Nebraska- Western Iowa Health care: 2.8 miles
Nebraska Medicine: 3.4 miles
Creighton University: 2.5 miles
University Of Nebraska: 5.1 miles
Airports: Eppley Airfield : 8.13 miles
Schools
Castelar Elementary School2316 South 18TH St (.2mi), Montessori Parents Coop2616 S 30th St (.7mi), Bancroft Elementary School2724 Riverview Blvd (.9mi), Youth Links-Heartland Family815 Dorcas St (.9mi), Alternatives Academy/Journeys8255 South 42ND St (.9mi), Our Lady Of Lourdes School2124 S 32nd Ave (1mi), All Saints Catholic School1335 S 10th St (1.1mi), Sword Of The Spirit Elementary-high SchoolPo Box 45428 (1.1mi), Spring Lake Magnet Center4215 South 20TH St (1.2mi), Field Club Elementary School3512 Walnut St (1.3mi), Liberty Elementary School2021 St Mary's Ave (1.3mi), Omaha South Magnet High School4519 South 24TH St (1.4mi), Jackson Elementary School620 South 31ST St (1.5mi), Jefferson Elementary School4065 Vinton St (1.7mi), Manchester Elementary School2750 North Hws Cleveland Blvd (1.8mi), Douglas County Youth Center1301 South 41ST St (1.9mi), Norris Middle School2235 South 46TH St (1.9mi), Gomez Heritage Elementary School5101 South 17TH St (2mi), Yates Program3030 Spaulding St (2.1mi), Intermediate Residential Treatment Center555 North 30TH (2.1mi)
PUBLIC SCHOOLS
All Saints Catholic School (Grades PK-8) (1.0 mi), Castelar Elementary School (Grades PK-6)( 0.2 mi), Montessori Parents Coop School (Grades PK-6)(0.7 mi), Bancroft Elementary School (Grades PK-6)(0.9 mi), Youth Links-Heartland Family (0.8 mi), Alternatives Academy/Journeys8255 South 42ND St (.9mi), Our Lady Of Lourdes School2124 S 32nd Ave (1mi), Sword Of The Spirit Elementary-high School Po Box 45428 (1.1mi),Spring Lake Magnet Center4215 South 20TH St (1.2mi), Field Club Elementary School3512 Walnut St (1.3mi)
Restaurants
Red Dragon Chinese Restaurant2322 S 20th St (.2mi), El Aguila Restaurant1837 Vinton Street (.2mi), Restaurante Y Pupuseria Salvadoreña1619 Vinton Street (.2mi), El Rancho2030 Martha Street (.2mi), Pizza Hut2902 South 24th Street (.2mi), Piccolo Pete's Restaurant2202 South 20th Street (.3mi), SUBWAY® Restaurants3114 South 24th Street (.4mi), Shang-Hai Gardens3118 South 24th Street (.4mi), McDonald's2760 South 13th Court (.5mi), Big Horn Mountain Barbecue2524 South 13th Street (.5mi), McDonald's2760 South 13th Court (.5mi), Jimmy John's2765 South 13th Court (.5mi), BURGER KING®2319 S 13th St (.5mi), Dinkers Bar and Grill2368 South 29th Street (.6mi), King Kong3362 South 13th Street (.7mi), Erick's Enchiladas1702 South 13th Street (.7mi), Ethnic Sandwich Shop1438 South 13th Street (.8mi), Mexi-Rican1702 South 10th Street (.9mi), Royal View Hall Wedding Chapel3734 South 13th Street (.9mi), Cascio's Steakhouse1620 South 10th Street (.9mi)
Coffee
Louie M's Burger Lust Cafe1718 Vinton Street (.2mi), Bohemian Cafe1406 South 13th Street (.9mi), Echo Coffee Shop1502 South 10th Street (1mi), Cirino's Billiards & Cafe Inc1107 Park Avenue (1.1mi), Joe Banana's Food & Spirits1022 South 10th Street( 1.2mi), 11-Worth Cafe2419 Leavenworth Street( 1.2mi), Howlin' Hounds Coffee712 South 16th Street (1.3mi), Nebraska at the Market1215 Leavenworth Street (1.3mi), Aromas Coffeehouse1033 Jones Street( 1.4mi), 13th Street Coffee and Tea519 South 13th Street (1.5mi)
Bars
River City Saloon1802 Vinton St (.2mi), Vinton Street Bar1702 Vinton St Lowr (.2mi), Welcome Inn Tavern2332 S 24th St (.3mi), Jj's Bar & Gril3201 S 24th St (.4mi), Kurt & Clydes2202 S 13th St( .6mi), Josephine's Cozy Corner Lounge2201 Pierce St (.9mi), Starsky's Lounge4020 S 13th St (1mi), Jd's Circle In3602 S 31st St (1.1mi), Brown Derby Bar4036 S 24th St (1.1mi), Johnny Z's4130 S 24th St (1.1mi)
Groceries
Bag N Save1826 Vinton Street (.2mi), Corner Food Mart2430 South 24th Street (.2mi), La Palma Market1616 Vinton Street (.3mi), El Quetzal Market Inc1941 Vinton Street (.3mi), La Mexicana1603 Vinton Street (.3mi), No Frills3026 South 24th Street (.3mi), Body by VI1209 Dorcas Street (.6mi), Bancroft Street Farmers Market2716-2726 S 10th St (.7mi), La Guera4233 South 24th Street (1.2mi), All Nations715 South 24th Street (1.2mi), East Africa Grocery Store2555 Leavenworth Street (1.2mi), Park Avenue Grocery830 Park Avenue (1.3mi), Orsis Italian Bakery & Pizzeria621 Pacific Street (1.3mi), Freiden Superette561 South 18th Street (1.4mi), Supermercado Nuestra Familia2900 Leavenworth Street (1.4mi), Basketfood4518 South 24th Street (1.5mi), Sudanese Grocery Store3152 Leavenworth Street (1.5mi), Patrick's Market1416 Howard Street (1.5mi), Omaha Farmers Market1100 Jackson St (1.5mi), El Finito3205 Leavenworth Street (1.5mi)
Parks
Lynch Park2302 S 21st St (.3mi), Deer Hollow Park3134 S 18th St (.5mi), Deer ParkS 13th St (.5mi), Columbus arkWoolworth Ave (.7mi), Municipal Stadium3455 S 13th St (.9mi), Highland Park3800-3898 S 25th St (.9mi), Spring Lake ParkSpring Lake Park Rd (.9mi), Rosenblatt Stadium1210 Bert Murphy Ave (.9mi), Hanscom Park (.9mi), Henry Doorly Zoo3400-3498 Riverview Blvd (1mi), President Gerald R Ford BirthsiteHanscom Park Dr (1.1mi), Dahlman Park1525 Park Wild Ave (1.2mi), Royals Court1301 S 8th St (1.2mi), Unity Park1807 G St (1.2mi), Park East (1.4mi), Harrison Heights ParkField Club Trail (1.4mi), Leavenworth Park807 S 34th St (1.5mi), Athletic Park2205 M St (1.6mi), William Henry Jackson Historical Marker (1.7mi), Dewey Park500-518 Turner Blvd (1.7mi)
Shopping
3 Harmanos1703 Vinton St (.2mi), Modest Bride1911 Vinton St( .2mi), Liberia Cristiana Genesis1621 Vinton St (.3mi), Bucky's Express Food Shops2765 South 13th Court (.5mi), Tenth & Bancroft2702 S 10th St (.7mi), Family Dollar Store1725 South 13th Street( .7mi), The Mystery Book Store1414 S 13th St (.8mi), Wallflower1402 South 13th Street (.9mi), Casey's General Store1202 South 13th Street (1mi), Grace University1311 S 9th St (1.1mi), Wallflower Vintage1402 South 13th Street (.9mi), Five Hour Tees1234 South 13th Street (.9mi), Casey's General Store1202 South 13th Street (1mi), Family Dollar Store834 South 24th Street (1.2mi), St Vincent De Paul Thrift Store2101 Leavenworth Street (1.2mi), Don's Pioneer Uniforms2517 Leavenworth St (1.2mi), Will Style Tailor Shop & Boutique3521 Center Street (1.2mi), Impact Merchandising2451 Saint Marys Avenue (1.3mi), Thrift World2109 Saint Marys Avenue (1.3mi), Osborn David1315 Jones Street (1.3mi)
Entertainment
Lozier IMAX Theater (1mi), Gerald R. Ford Conservation Center1326 South 32nd Street (1.2mi), Durham Museum801 South 10th Street (1.4mi), Omaha Children's Museum500 S 20th St (1.4mi), El Museo Latino4650 S 24th St (1.6mi), Joslyn Art Museum2200 Dodge St (1.8mi),PLACZEK STUDIOS3716 Leavenworth Street (1.8mi), Marcus Midtown Cinema3201 Farnam Street (1.8mi), Modern Arts Midtown3615 Dodge Street (2.1mi), Film Streams1340 Mike Fahey St (2.2mi)
Errands
U.S. Bank - Vinton Square No Frills Office3026 S 24th St (.3mi), Anthony Allee, PharmD3121 South 24th Street( .4mi), Jason P. Enders, PharmD2701 South 10th Street (.7mi), Chicago Lumber Co1324 Pierce Street (1mi), U.S. Bank ATM - Henry Doorly Zoo3701 S 10th St( 1mi), General Siding Supply1709 Mason Street (1.1mi), Blair's Pallet Co3928 South 29th Street (1.1mi), Briggs Inc of Omaha1011 Mason Street (1.2mi), Carla R. Rubingh, PharmD401 Woolworth Avenue (1.3mi), Kohll's Pharmacy & Homecare2923 Leavenworth Street (1.4mi), The Bath and Tile Company1727 Howard Street (1.4mi)
Demographics (within 3 miles)*:
Total Population : 108,286
% population change (2010-2015): +0.48%
% White Alone: 63.44%
% Black African American Alone: %9.08%
2015 Average Household Income: $49,759
*Loopnet.com
Unemployment: 3.4%
Income potential
Once rehabbed the property will rent for around $1,000/ month
Average rent for 3 bed in the area: $950 (rentometer.com)
Comparable Sales
Sold Homes near 2009 Arbor St
Address Distance Sold price Sold date Bed Sqft
3276 Vinton Street, Omaha, NE 1.04 $127,000 01/28/16 2 900
2935 South 4th Street, Omaha, NE 1.09 $110,000 12/16/15 3 1,002
3114 South 32nd Avenue, Omaha, NE 1.00 $173,000 11/17/15 2 1,646
828 Hickory Street, Omaha, NE 0.96 $70,000 10/29/15 4 1,580
3417 Frederick Street, Omaha, NE 1.11 $80,000 02/23/16 2 720
3323 Hoctor Boulevard, Omaha, NE 0.51 $80,000 03/17/16 4 1,874
1221 Pierce Street, Omaha, NE 1.05 $150,000 11/23/15 2 1,060
2511 South 31st Street, Omaha, NE 0.77 $137,000 01/11/16 2 1,340
2204 C Street, Omaha, NE 0.77 $75,000 12/16/15 3 1,016
Comparables show that the property has a lot of capital appreciation potential once rehabbed.
Real Estate Taxes
County: Douglas NE- Parcel Number: 0743670000
2015 taxes: $754 / year
No back taxes - paid to 1st install 2015
PROPERTY IS SOLD AS IS, WHERE IS-
Property sold through a Quit Claim Deed with buyer assuming taxes, liens and encumbrances (if any).
Winning bidder must contact the seller within 24 Hours after the close of the auction with full details of the buyer.
Buyer will also be responsible for $500 deed prep and doc fee as well as 8 % premium.
10% non-refundable deposit (minimum $1,000), auction premium (minimum $250) and $500 deed preparation and doc fee are due within 48 hours of auction close.
Final Payment to be made within 1 week of the Auction close.
All bidders to do their own due diligence. Property sold through a Quit Claim Deed with buyer assuming current and future taxes and liens and encumbrances (if any). Property has been condemned by the City and buyer is responsible for sorting out the violations and reabbing the property. No statement anywhere, whether express or implied, shall be deemed a warranty or representation by the Seller regarding these assets. All buyers are deemed to have relied entirely on their own information, judgments and inspections of the property in making the decision to purchase the property. The sale of this property is subject to the Purchase Agreement which is attached under "Additional Details".
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