204u // VEGAS (( 204 units )) APARTMENTS WITH Starting Bid:$1,000,000 // Bidding Starts: 02/25/2014

Starting Bid:   $1,000,000

Bid Deposit: $25,000
 
Bidding not started
 


Online Event Details

Bidding Starts: 02/25/2014 | Ends: 02/27/2014
2013-Net Operating Income (NOI):  $466,981

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Property Overview
Starting Bid:
$1,000,000
Bid Deposit Amount:
$25,000
Property Description:
A 204 Unit Multi-Family Property


Net Rentable Area:Square Footage:
72,370
72,370
Lot Size (acres):
4.08
Year Built:
1979
Number Of Stories:
2
Number Of Units:
204
Occupancy:
92.16%
Occupancy As of Date:
01/01/2014
Net Operating Income (NOI):
$466,981
NOI As Of Date:
12/31/2013
















































204-unit, two-story apartment community 

located near the heart of Downtown Las Vegas, Nevada. Parcel xxx 

was built in 1979 and parcel xxx was built in 1980. Located in the Church Nxxx neighborhood, both parcels sit adjacent to each other 

and have a combined acreage of 4.08 acres; 

zoned Apartment Residence District R-4. 

The property has a good unit mix and is comprised of 11% studios and 89% one-bedroom units. 

Park Forest has wood-frame construction with vertical wood siding and pitched, asphalt-shingle roofs. 

The community amenities include two laundry facilities, an office, playground, barbecue areas, and ample parking.

The neighborhood surrounding the Park Fxxx apartments has many neighborhood dining and shopping conveniences. 

The Boulevard Mall is also just a short drive away, featuring Sears, JC Penney, Macys, and Marshalls. 

Nearby recreation includes Rafael Rivera Park, with baseball and softball fields, tennis court, soccer field, fitness course, horseshoe court and picnic areas. 

A population of 594,148 people makes the city of Las Vegas is the most populous city in Nevada; it is the seat of Clark County, which comprises the Las Vegas-Paradise MSA. 

Boasting 1,998,333 residents, the metro area offers numerous recreational, retail, and entertainment opportunities such as the Las Vegas Strip with gaming, casino resorts, shopping, and entertainment. 

Additionally the metro area has more than 60 golf courses, over 75 parks, 25 museums, and more than 60 cultural organizations.

Downtown Las Vegas serves as the central business district of the city and is located in the 

Fremont Street Casino District. 

The area boasts entertainment, arts, culture, and unique architecture. The financial district of Las Vegas is also located in downtown Las Vegas. 

The new Container Park was developed to feature start-up companies and also serve as a recreational area for families. The park has an interactive play area and KaBoom! 

Imagination Playground Blocks, with slides large enough to accommodate adults. Container Park also features clothing boutiques, restaurants, art galleries and specialty shops. Other notable features at the park include a 

40-foot long praying mantis structure that shoots out 12-foot flames, and a catalyst dome that illuminates at dusk.

Within a five minute drive of Park Fxxxx Apartments, one can visit the revitalized, 

six-acre Zappos corporate offices in Downtown Las Vegas. The minimalist campus has a Lego brick sculpture, ping pong tables in recreation areas and elevator video games. The company employs nearly 2,000 employees.


Property Overview
Starting Bid:
$1,000,000
Bid Deposit Amount:
$25,000
Property Description:
A 204 Unit Multi-Family Property


Net Rentable Area:Square Footage:
72,370
72,370
Lot Size (acres):
4.08
Year Built:
1979
Number Of Stories:
2
Number Of Units:
204
Occupancy:
92.16%
Occupancy As of Date:
01/01/2014
Net Operating Income (NOI):  $466,981

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