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) |