612 W Washington Ave

4 Unit Apartment Building $649,888 ($162,472/Unit) 6.88% Cap Rate Las Vegas, NV 89106

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.

Property Facts

Price $649,888
Price Per Unit $162,472
Sale Type Investment
Cap Rate 6.88%
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

Unit Amenities

  • Air Conditioning
  • Heating
  • Kitchen
  • Yard

Unit Mix Information

Description No. Units Avg. Rent/Mo SF
1+1 4 - 662

zoning

Zoning Code R-3 (Opportunity zone and R-3)
  • Listing ID: 32922986

  • Date on Market: 8/22/2024

  • Last Updated:

  • Address: 612 W Washington Ave, Las Vegas, NV 89106