Metonic is proud to announce the acquisition of the Oaks at Lakeview in Ralston, Nebraska. This 276-home community features a mix of one and two-bedroom apartments with desirable amenities including a pool, 24-hour fitness center, underground parking, and more. Ralston, an Omaha submarket, is a promising market for investors, as there are currently no units under construction, with an average 96% occupancy rate.
Upon acquisition, Metonic assumed the existing HUD loan on the property, allowing for a low-interest rate for the remaining 36-year term. The low leverage and monthly principal paydown provide investors with an opportunity for a strong risk-adjusted return.
The property has recently received new roofs, siding, and parking lots. Metonic plans to implement a light value-add program, with interior improvements including upgraded lighting, countertops, and flooring.
To learn more about Metonic and the acquisition of the Oaks at Lakeview, visit our website at Metonic.net or call Jenna Herrick at (402) 952-4599.