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2317 Wengert Ave
Las Vegas, NV 89104
Multifamily Property For Sale · 12 Units

PROPERTY FACTS

No. Units 12
Property Type Multifamily
Property Subtype Apartment
Apartment Style Low-Rise
Building Class C
Lot Size 0.29 AC
Building Size 8,768 SF
Average Occupancy 100%
No. Stories 2
Year Built 1962
Parking Ratio 1.37/1,000 SF
Zoning R-4, Las Vegas

AMENITIES

UNIT AMENITIES

  • Air Conditioning

SITE AMENITIES

  • Laundry Facilities
  • Gated

ABOUT 2317 WENGERT AVE , LAS VEGAS, NV 89104

Wengert apartments is comprised of one 2 story building housing 12 individually metered 2/1 floor plan units located near downtown Las Vegas. The subject property has a central gated courtyard with 3 access points offering tenants a secure courtyard to enjoy. Gross monthly proforma income is $10,200 and annual net income using a 40% expense model returns a 7.5% CAP. Currently, the property is being operated as transitional independent living and does not collect market rents for the units for leasing of units. The building has a pitched composite shingle roof and all units have central heat/ac. The property has both on and off-street parking with a total of 12 off-street paved spaces for tenants to utilize. The net rentable sqft for this asset is 8,700 sqft with a total lot size of 12,632 sqft.

UNIT MIX INFORMATION

DESCRIPTION NO. UNITS AVG. RENT/MO SF
2+1 12 - -

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
162-01-211-013
Land Assessment
$58,800
Improvements Assessment
$101,518
Total Assessment
$160,318
  • Listing ID: 17678113

  • Date on Market: 11/8/2019

  • Last Updated:

  • Address: 2317 Wengert Ave, Las Vegas, NV 89104

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