(CAPRATE=8.4%) LAS VEGAS (10U) Apartment Building (Price=$649,000) Occupancy:100% (Lot Size:14,000 SF) CALL #1 RAMON WU 4 SHOWING NOW (702)334-7767

MULTifamily Property For Sale

LAS VEGAS (10U) Apartment Building

XXX  13th St., Las Vegas, NV 89101

Price:

$649,000

No. Units:

10

Building Size:

5,900 SF

Price/Unit:

$64,900

Property Type:

Multifamily

Property Sub-type:

Garden/Low-Rise

Property Use Type:

Investment

Cap Rate:

8.40
%

Occupancy:

100%

No. Stories:

2

Year Built:

1953

Lot Size:

14,000 SF

APN / Parcel ID:

139-35-310-038

Parking Ratio:

99 / 1,000 SF

Last Updated

36 days ag
o

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Description

THIS IS A VERY WELL MAINTAINED BUILDING IN THE HEART OF DOWNTOWN, CLOSE TO CASINOS IN THE REDEVELOPMENT AREA OF DOWNTOWN LAS VEGAS. ALL UNITS ARE KEPT IN VERY GOOD SHAPE, LONG TERM TENANTS. THE PROPERTY HAS POSSIBILITY OF INCREASED INCOME WITH SECTION 8 OR POSSIBLE HALFWAY HOUSE CONVERSION.

DOWNTOWN REDEVELOPMENT AREA

Financial Summary

• Actual
• Year
  2009
• Scheduled Gross Income
  $64,560
• Operating Expenses
  $10,770
• Net Operating Income
  $53,790

Unit Mix Information

Description	No. Units	Avg. Mo. Rent
STUDIOS	4	$400
ONE BEDROOMS	2	$550
TWO BEDROOMS	4	$645

Debt & Equity Information

• Debt Type
  Existing
• Loan Amount
  $0

Map of 211 S. 13th St., Las Vegas, NV 89101 (Clark County)

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Additional Photos

13th Apartment Building

13th Apartment Building

13th Apartment Building

13th Apartment Building

13th Apartment Building

13th Apartment Building

13th Apartment Building

(CAPRATE=8.4%) LAS VEGAS (10U) Apartment Building (Price=$649,000) Occupancy:100% (Lot Size:14,000 SF) CALL #1 RAMON WU 4 SHOWING NOW (702)334-7767By searching on LoopNet, you agree to the LoopNet Terms and Conditions.