OMG!!! VEGAS "12U-APT" ON SALE NOW FOR ONLY $509K (NEARBY downtown vegas) FLIPPER SPECIAL, HUGE UPSIDE POTENTIAL, CALL ME NOW 702-334-7767 (#1 MR WU)

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st louis公寓由一個12單元花園低層建築，提供居民新近裝修的工作室和一間臥室的套房。該建築於1954年建成，並從 Stratosphere Hotel and Casino 坐落在0.20英畝的酒店位於拉斯維加斯的土地上，正對面。最近車主rehabbed整個財產的電，水和污水管線。塊和鐵柵欄圍繞整個周邊構造加上一個現場洗衣房一起。所有單位，包括外部人行道，被平鋪和彩繪。目前，12個單位的6所新的廚房，花崗岩和照明，其中4間租來得到充分rehabbed。做，剩下的工作主要包括完成剩餘的單位和美化物業的前面。這非常理想的位置，為投資者提供了機會，利用世界知名的度假勝地的交通和鄰近的吸引力。為投資者尋找價值租客友好的位置添加機會，此屬性是理想的。
 St louis公寓酒店位於拉斯維加斯，內華達州，距離平流層酒店及賭場正對面。這非常理想的位置，為投資者提供了機會，利用世界知名的度假勝地的交通和鄰近的吸引力。該酒店是拉斯維加斯大道的步行距離之內，提供就業來源，餐飲，購物和娛樂豐富。此外，作為從I-15只有幾分鐘的路程讓整個拉斯維加斯山谷方便前往各主要高速公路幹道。

St. Louis Apartments

XXXXX. St Louis, Las Vegas, NV 89102

Price:

$509,000

No. Units:

12

Building Size:

5,400 SF

Price/Unit:

$42,416.67

Property Type:

Multifamily

Property Sub-type:

Garden/Low-Rise

Property Use Type:

Investment

Cap Rate:

6.62%

Occupancy:

92%

No. Stories:

2

Year Built:

1954

Lot Size:

0.20 SF

APN / Parcel ID:

162-04-710-080

Listing ID

19674469

Last Updated

2 days ago

Find Out More...

Highlights

• Located Across the Street From The Stratosphere Hotel & Casino
• Recently Undergone Property Renovation
• One Block From Las Vegas Strip
• Value Play Opportunity with Large Upside Potential
• (11) One Bedroom and (1) Studio Units
• Multiple Employment Centers Nearby

Description

***PRICE REDUCTION*** 

The St. Louis Apartments consist of a 12 unit garden low-rise building offering residents recently-renovated studio and one-bedroom suites. The building was constructed in 1954 and sits on .20 acres of land centrally located in Las Vegas, directly across the street from the Stratosphere Hotel and Casino. Recently the owner rehabbed electrical, water and sewer lines throughout the property. A block and iron fence was constructed around the entire perimeter along with the addition of an onsite laundry room. All units, including exterior walkways, were tiled and painted. Currently 6 of the 12 units have been fully rehabbed with new kitchenettes, granite and lighting, 4 of which are rented. The remaining work to be done consists primarily of finishing the remaining units and landscaping the front of the property. This very desirable location offers investors opportunity to utilize traffic and proximity appeal from the world renowned resort. This property is ideal for investors looking for a value add opportunity in a tenant friendly location.

The St. Louis Apartments are centrally located in Las Vegas, Nevada directly across the street from the Stratosphere Hotel & Casino. This very desirable location offers investors opportunity to utilize traffic and proximity appeal from the world renowned resort. The property is within walking distance of the Las Vegas Strip, providing an abundance of employment sources, restaurants, shopping and entertainment. Also, being just minutes from I-15 allows easy access to all major freeway arterials throughout the Las Vegas Valley.

Financial Summary

• Proforma
• Year
  2016
• Scheduled Gross Income
  $71,400
• Effective Gross Income
  $64,817
• Operating Expenses
  $25,796
• Net Operating Income
  $39,021

Unit Mix Information

Description	No. Units	Avg. Mo. Rent	Sq. Ft.
Studio	1	$450	340
1x1	11	$500	460

Map of XXX W. St Louis, Las Vegas, NV 89102 (Clark County)

Additional Photos

St. Louis Apartments

St. Louis Apartments

St. Louis Apartments

Conditions