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"LAS VEGAS DISTRESSED MULTI FAMILY"
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Windermere Prestige Properties
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Address:
N 28th Street
Type: Multifamily
Style:
Lot Type: Rectangular
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FOR SALE $3 995 000
$25 608 PER UNIT
Apartments Las Vegas NV
A three-story monthly rental
property located in Las Vegas’ Eastside submarket. The
property was built in 1986 and consists of three spacious
floor plans averaging 885 sq.ft. The property is considered
Class C in quality and C as it relates to location
The overall condition of the building is fair. Based on a brief
walk through inspection it appears the property is in need of
capital enhancements and management/operational
repositioning. The parking lot needs to be re-sealed and
striped and landscaping could also use some attention.
3.3
PROPERTY OVERVIEW
Value Abstract: This is a Value-Add investment and provides
affordable residences to local tenants. Conveniently located
adjacent to Downtown Las Vegas and its districts.
Convenient to employment, shopping and public services.
Attractive Floor Plans averages 885 sq.ft. Total SF 141,072 SF
3-Story improvements with Décor Facade Rentable SF 138,072 SF
Nearby Public Schools Number of Units 156
Ideal Value-Add Investment Occupancy 51%
Land Area 2.95 Acres
Year Built 1986
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Information is deemed to be correct but not guaranteed.
