3225 Arlene Way | 3225 Arlene Way
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3225 Arlene Way 3225 Arlene Way
4 Unit Apartment Building $725,000 ($181,250/Unit) 8.69% Cap Rate Las Vegas, NV 89108
Executive Summary
CASH COW, AMAZING INCOME PRODUCING 4-PLEX BUILDING WITH 3634 SQUARE FEET IS A GREAT INVESTMENT OPPORTUNITY WELL KEPT BUILDING A GREAT ADDITION TO YOUR INVESTMENT PORTFOLIO
Financial Summary (Actual - 2023) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$63,000
|
$17.34
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$63,000
|
$17.34
|
| Taxes |
$1,483
|
$0.41
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$1,483
|
$0.41
|
| Net Operating Income |
-
|
-
|
Financial Summary (Actual - 2023)
| Gross Rental Income | |
|---|---|
| Annual | $63,000 |
| Annual Per SF | $17.34 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $63,000 |
| Annual Per SF | $17.34 |
| Taxes | |
|---|---|
| Annual | $1,483 |
| Annual Per SF | $0.41 |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $1,483 |
| Annual Per SF | $0.41 |
| Net Operating Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
Property Facts
| Price | $725,000 | Property Subtype | Apartment |
| Price Per Unit | $181,250 | Lot Size | 0.19 AC |
| Sale Type | Investment | Building Size | 3,634 SF |
| Cap Rate | 8.69% | Average Occupancy | 100% |
| No. Units | 4 | No. Stories | 2 |
| Property Type | Multifamily | Year Built/Renovated | 1962/2021 |
| Price | $725,000 |
| Price Per Unit | $181,250 |
| Sale Type | Investment |
| Cap Rate | 8.69% |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Lot Size | 0.19 AC |
| Building Size | 3,634 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built/Renovated | 1962/2021 |
Unit Amenities
- Air Conditioning
Site Amenities
- Laundry Service
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 7+4 | 4 | $1,263 | 891 |
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PROPERTY TAXES
| Parcel Number | 138-12-811-018 | Total Assessment | $91,252 (2024) |
| Land Assessment | $56,350 (2024) | Annual Taxes | $1,483 ($0.41/SF) |
| Improvements Assessment | $34,902 (2024) | Tax Year | 2023 |
PROPERTY TAXES
Parcel Number
138-12-811-018
Land Assessment
$56,350 (2024)
Improvements Assessment
$34,902 (2024)
Total Assessment
$91,252 (2024)
Annual Taxes
$1,483 ($0.41/SF)
Tax Year
2023
zoning
| Zoning Code | RESIDENTIAL |
| RESIDENTIAL |
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3225 Arlene Way | 3225 Arlene Way
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