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612 W Washington Ave

4 Unit Apartment Building $699,000 ($174,750/Unit) 6.40% Cap Rate Las Vegas, NV 89106

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Investment Highlights

Newly Renovated 2022
6.4% cap Rate

Fully Occupied

Executive Summary

This Property is located in an opportunity zone in the historic westside of Las Vegas. Property contains 4 total units with two studio apartments and two, one bedroom apartments. This property was fully renovated and stabilized in 2022. This property is FULLY OCCUPIED with great tenants. For any information please contact the L/A Joshua Lafond.

OfferingMemorandum (3)

Property Facts

Price	$699,000	Building Class	C
Price Per Unit	$174,750	Lot Size	0.16 AC
Sale Type	Investment	Building Size	2,648 SF
Cap Rate	6.40%	Average Occupancy	100%
Sale Conditions	1031 Exchange	No. Stories	1
No. Units	4	Year Built/Renovated	1958/2022
Property Type	Multifamily	Parking Ratio	1.51/1,000 SF
Property Subtype	Apartment	Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Apartment Style	Garden

Price	$699,000
Price Per Unit	$174,750
Sale Type	Investment
Cap Rate	6.40%
Sale Conditions	1031 Exchange
No. Units	4
Property Type	Multifamily
Property Subtype	Apartment
Apartment Style	Garden
Building Class	C
Lot Size	0.16 AC
Building Size	2,648 SF
Average Occupancy	100%
No. Stories	1
Year Built/Renovated	1958/2022
Parking Ratio	1.51/1,000 SF
Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.