South Hills Apartments Bellevue, NE

Investment Highlights

• Proven Premiums of $165 Per Unit with Strategic Interior Enhancements
• Comprehensive, Functional Amenities Driving Resident Retention
• Desirable Unit Mix Located in an Excellent School District
• Strategically Located Asset Proximate to Omaha’s Major Demand Drivers
• Proximate to Restaurants, Shopping & Entertainment
• Offered Free and Clear of Any Existing Debt

Proven Premiums of $165 Per Unit with Strategic Interior Enhancements

South Hills Apartments offers the opportunity to drastically increase rental revenue through a proven value-add renovation program. With 14 units renovated—comprising approximately 19% of the total unit count—current ownership has provided a roadmap to boost topline revenue by more than $111,000+ through low-cost renovations. 

These updates include new appliance packages, LVP flooring, new countertops, cabinets, double-bay sinks, tile backsplash, accent walls, and washers & dryers. With an average cost of $8,000 per unit, these interior renovations offer a 25% ROI.

Comprehensive, Functional Amenities Driving Resident Retention

South Hills provides a full suite of practical amenities that enhance resident satisfaction and support strong retention rates. 

• Washers & Dryers in 58 out of 72 units ($10K Annual Upside with continued installation)
• Reserved off-street parking 
• Reserved garages 
• Full-sized playground
• Standalone leasing office
• Grill/picnic area for outdoor gatherings. 

In a market driven by value-conscious renters, South Hills’ amenity package hits the sweet spot of practicality and convenience, differentiating the property from basic housing options. The well-maintained grounds and community features ultimately help reduce turnover and protect the property’s cash flow by keeping occupancy high.

Desirable Unit Mix Located in an Excellent School District

South Hills offers spacious well-appointed two-bedroom floor plans, which bode well for families with children. Additionally, South Hills is located within the Bellevue Public School District—one of Omaha’s consistently highest-ranking and most well-regarded school districts.

Amenities