1635 Palm St | Henderson, NV 89011
This feature is unavailable at the moment.
We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.
Please check back in a few minutes. We apologize for the inconvenience.
- LoopNet Team
1635 Palm St
Henderson, NV 89011
The Palms Apartments · Multifamily Property For Sale · 26 Units
Investment Highlights
- Stabilized Asset at a 6.57% Current CAP Rate
- Within a Quick 10 Minute Drive of All of the Amenities Located at the Water Street Plaza in Downtown Henderson
- Community Amenities Include Community Patio Area, Storage Units for Rent, On-Site Laundry, a Dog Park, and More
- By Increasing Rents to Recently Achieved Highs at Property, New Owner Can Get Over a 7% CAP Rate Within the First Few Months of Ownership
- The Palms Apartments is Well-Suited to Provide Investors with Strong Returns from Day 1 and Increased Returns within the First 90 Days
- Current Ownership Recently Invested Significant Capital into Interior and Exterior Upgrades
PROPERTY FACTS
| No. Units | 26 | Lot Size | 1.08 AC |
| Property Type | Multifamily | Building Size | 12,180 SF |
| Property Subtype | Apartment | Average Occupancy | 100% |
| Apartment Style | Low Rise | No. Stories | 1 |
| Building Class | B | Year Built | 1967 |
| No. Units | 26 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | B |
| Lot Size | 1.08 AC |
| Building Size | 12,180 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built | 1967 |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 11 | - | 200 - 400 |
| 1+1 | 9 | - | 300 - 600 |
| 2+1 | 6 | - | 520 - 735 |
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $42,103 | |
| Land Assessment | $111,443 | Total Assessment | $153,546 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$111,443
Improvements Assessment
$42,103
Total Assessment
$153,546
zoning
| Zoning Code | MC |
| MC |
Learn More About Investing in Apartment Buildings
1 of 1
VIDEOS
3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
