Property details

Las Vegas Multifamily Property For Sale, Pacific West Region

Property Description

Las Vegas Multifamily Property For Sale

Affordable Housing Property. ~310 units in downtown Las Vegs.

These units are for working people.

Consists of studios & one bedroom units.

These are micro units with a HUGE demand from millennials.

There are some -�down-� units on the 1st floor and will be finished upon delivery.

Lots of millennials walk and bike to downtown and love this building.

Seller wants to reposition into another deal he is developing currently.

Current manager would really like to stay on and manage and his very competitive with fees.

Class A or A-.

80% occupancy.

~250,000 sf.

on ~1.3 acres.

GRM 8.53.

Built in 2000.

Getting over $4 SF in rents.


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Cap Rate:

Property Information

Building Size:
250,000 sq.ft.
Property Type:
Industry Type:
Apartment - Multifamily
Land Area:
1.30 acres
Purchase Tenure:
Fee Simple

Existing financing information


The information contained herein contains confidential and/or privileged material. Any review, retransmission, dissemination or other use of, or taking of any action in reliance upon, this information by persons or entities other than the intended recipient will be prohibited. The information contained herein has been obtained from sources believed to be reliable. While we do not doubt its accuracy, we have not verified it and make no guarantee, warranty or representation about the accuracy or completeness of the information. As a buyer, it is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. The value of this property to you depends on factors which should be evaluated by your tax, financial and legal advisors. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs. We have no knowledge of this offering other than the information received from Seller or their representatives. We are neither your agent or an agent for the seller. We will not participate in the negotiation of the purchase price or attend the showing of this property. As a buyer, you will be required to indemnify us and hold us harmless from any kind of claim, cost, expense, or liability arising out of your investigation and/or purchase of this property.