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
thank you
Your email has been sent!
3150 Luke Werner Ave - Bradford Place Town Homes
31,361 SF Specialty Building Offered at $6,990,000 at a 4.48% Cap Rate in Las Vegas, NV 89102
Investment Highlights
- Property is located close to the 1-15 Freeway, a few minute drive to the Las Vegas Strip, China Town. Walking Distance to Middle and High School
Executive Summary
This property location is in a Townhome Community with a total of 171 individually deeded single family residents. The seller has 28 properties available for sale. Currently all units are rented with rent amounts from $1100.00 to $1400.00.
The townhome complex is located just west of the Famous Las Vegas Strip. They are between Sahara Avenue & Desert Inn Road. Just adjacent to the booming China Town. They are located near schools and shopping. Also, easy Interstate 1-15 access. Close to the Desert Inn arterial, the Convention Center and East side of town. Location, Location, Location. The HOA is $140.00 per unit per month. The recent capitol improvements are: New roofs both main house and the detached carport, from 2017-2020. Several streets in community have been repaved between 2016-2022. Complex was repainted in 2022. Seller and listing agent have a business/family relationship.
Financial Summary (Actual - 2023) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$388,200
|
$12.38
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$388,200
|
$12.38
|
| Taxes |
$10,890
|
$0.35
|
| Operating Expenses |
$64,447
|
$2.06
|
| Total Expenses |
$75,337
|
$2.40
|
| Net Operating Income |
$312,863
|
$9.98
|
Financial Summary (Actual - 2023)
| Gross Rental Income | |
|---|---|
| Annual | $388,200 |
| Annual Per SF | $12.38 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $388,200 |
| Annual Per SF | $12.38 |
| Taxes | |
|---|---|
| Annual | $10,890 |
| Annual Per SF | $0.35 |
| Operating Expenses | |
|---|---|
| Annual | $64,447 |
| Annual Per SF | $2.06 |
| Total Expenses | |
|---|---|
| Annual | $75,337 |
| Annual Per SF | $2.40 |
| Net Operating Income | |
|---|---|
| Annual | $312,863 |
| Annual Per SF | $9.98 |
Property Facts
| Price | $6,990,000 | Property Subtype | Residential Income |
| Price Per SF | $223 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.98 AC |
| Cap Rate | 4.48% | Building Size | 31,361 SF |
| Sale Conditions | 1031 Exchange | No. Stories | 2 |
| Property Type | Specialty | Year Built | 1972 |
| Price | $6,990,000 |
| Price Per SF | $223 |
| Sale Type | Investment |
| Cap Rate | 4.48% |
| Sale Conditions | 1031 Exchange |
| Property Type | Specialty |
| Property Subtype | Residential Income |
| Building Class | C |
| Lot Size | 0.98 AC |
| Building Size | 31,361 SF |
| No. Stories | 2 |
| Year Built | 1972 |
Amenities
- Air Conditioning
About 3150 Luke Werner Ave , Las Vegas, NV 89102
This property consists of 28 individually deeded town-homes. The properties are: 2 Bedroom 1 Bath - 5 town-homes 1 Story with 2 car Carport 2 Bedroom 2 Bath - 2 town-homes 1 Story with 2 Car Carport 3 Bedroom 1 1/2 Bath - 15 town-homes 2 Story with 2 Car Carport 4 Bedroom 1 1/2 Bath - 6 town-homes 2 Story With 2 Car Carport Current rents are average of $1200.00 a month and can be increase to between $1400.00 to $1600.00 depending on unit size.
zoning
| Zoning Code | R-PD11 |
| R-PD11 |
Presented by
3150 Luke Werner Ave - Bradford Place Town Homes
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.