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Sunrise Apartments 2213 Sunrise Ave

8 Unit Apartment Building $1,935,000 ($241,875/Unit) 5.15% Cap Rate Las Vegas, NV 89101

Executive Summary

This is the most upgraded building in the area. New sewer system, new bathrooms, new kitchens, new windows, new HVAC’s, new electrical panel, new roof, new paint, new laundry room, New parking asphalt layer, the biggest bedrooms in Vegas, Gated complex, Security cameras even in the laundry room, and the HIGHEST NOI of it kind. And still there is Value-Add to this great investment property.
For this high NOI you will spend another million anywhere else.
Fully occupied with Good long term tenants.
Seller financing available.
One block from eastern and Charleston
Two blocks from the freeway entrance
With a supermarket one and a half blocks away With Another new casino and new housing development being built right now on Charleston and Eastern, this downtown historic revamping area will impact investments greatly.
We will look at all offers and letters of intent, please don’t hesitate to send either and we will respond

Property Facts

Price $1,935,000
Price Per Unit $241,875
Sale Type Investment
Cap Rate 5.15%
No. Units 8
Property Type Multifamily
Property Subtype Apartment
Apartment Style Low Rise
Building Class C
Lot Size 0.42 AC
Building Size 15,000 SF
Average Occupancy 100%
No. Stories 2
Year Built/Renovated 1957/2023
Parking Ratio 0.47/1,000 SF
Opportunity Zone Yes

Unit Amenities

  • Heating
  • Kitchen
  • Oven
  • Range

Site Amenities

  • Courtyard
  • Laundry Facilities

Unit Mix Information

Description No. Units Avg. Rent/Mo SF
2+1 4 - 1,000
3+2 4 - 1,200

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
139-35-812-009
Land Assessment
$39,200
Improvements Assessment
$82,639
Total Assessment
$121,839

zoning

Zoning Code R-4 (Residential)
R-4 (Residential)
  • Listing ID: 33949744

  • Date on Market: 11/21/2024

  • Last Updated:

  • Address: 2213 Sunrise Ave, Las Vegas, NV 89101

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