Medium Density Multi-family Land 2.41 AC 4541 E Owens Ave

54 Unit Mobile Home Park $2,892,000 ($53,556/Unit) Las Vegas, NV 89110

INVESTMENT HIGHLIGHTS

  • 4 Elementary Schools across the street and nearby
  • Many recent new construction including new home communities on Owens, Shaq's Youth Center coming soon, retail/office on Lake Mead
  • Public transportation to Summerlin, Spring Valley, North Las Vegas Industrial Park

EXECUTIVE SUMMARY

Shovel ready 2.41 AC former mobile home park was rezoned to R-3 Medium Density Multi-family lot. The sale includes the building permits to develop a 54-unit consisting of 14 one-bedroom units, 32 two-bedroom units, and 8 three-bedroom with den units in this family oriented area.
This project is located in the 2025 Qualified Census Tracts (QTCs) and the site has various location advantages including:
1) major public transportation access connecting to North Las Vegas industrial parks, Summerlin, Spring Valley, etc.
2) four elementary schools across the street and nearby, and
3) many upcoming new development projects are joining the immediate area including Shaquille O’Neal’s Youth Center across the street, a large developer's retail/office developments on Lake Mead Blvd, and 4+ new communities built/being-built by Storybook Homes (owned by luxury developer Toll Bros) on Owens Ave, to name a few.

PROPERTY FACTS

Price $2,892,000
Price Per Unit $53,556
Sale Type Investment
No. Units 54
Property Type Multifamily
Property Subtype Manufactured Housing/Mobile Home
Apartment Style Low Rise
Building Class C
Lot Size 2.41 AC
Building Size 49,050 SF
No. Stories 3
Year Built 2025
Parking Ratio 2.14/1,000 SF

UNIT AMENITIES

  • Kitchen
  • Tub/Shower

UNIT MIX INFORMATION

DESCRIPTION NO. UNITS AVG. RENT/MO SF
1+1 14 - -
2+2 32 - -
3+2 8 - -

ZONING

Zoning Code R-3 (Medium Density Residential (Multifamily))
  • Listing ID: 34621893

  • Date on Market: 1/27/2025

  • Last Updated:

  • Address: 4541 E Owens Ave, Las Vegas, NV 89110