(Net Operating Income=$94,900) ((Cap Rate:7.30%)) Waikiki Apartments is a 26-unit, two story apartment developed in 1962 community, located just a few blocks from the famous Las Vegas Strip.
Multifamily Property For Sale
Waikiki Palms Apartments
2565 Lynnwood St, Las Vegas, NV 89109
- Price:
- $1,300,000
- Property Type:
- Multifamily
- Property Sub-type:
- Garden/Low-Rise
- Property Use Type:
- Investment
- Commission Split:
- 2%
- Cap Rate:
- 7.30%
- Gross Rent= Multiplier:
- 7.03
- Listing ID
- 19936527
- Last Updated
- 19 days ago
Description
Waikiki Apartments is a 26-unit, two story apartment developed in 1962 community, located just a few blocks from the famous Las Vegas Strip.
Waikiki Apartments offers residents a desirable unit mix comprised of 2- studio units, 17- one-bedroom units, and seven, two-bedroom units with a weighted average unit size of 706 square feet. This property has undergone significant renovation and is very well maintained.
Residents enjoy common area amenities that include a resort style swimming pool, BBQ area, mature landscaping and a secured access entry.
The community is approximately 0.7 miles east of the Las Vegas Strip where more than 100,000 Las Vegans are currently employed. Residents also enjoy the convenience of close proximity to the recently renovated Boulevard Mall and the Eureka Casino.
Please Do Not Disturb The Property All Showings Must Be Made With The Listing Agent.
2565 Lynnwood Street Las Vegas, Nevada. 89109
Map of 2565 Lynnwood St, Las Vegas, NV 89109 (Clark County)
Additional Photos
Waikiki Palms Apartments
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