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Nolana Apartments 901-903 E Bridger Ave

10 Unit Apartment Building $1,350,000 ($135,000/Unit) Las Vegas, NV 89101

Investment Highlights

  • Walking distance to abundant downtown lifestyle.
  • Courtyard with dining area, BBQ, security cameras, mature landscaping.
  • Fully-fenced with coded entry access gates.
  • Stainless steel appliances, upgraded cabinets, granite countertops and updated flooring in each unit.

Executive Summary

The Nolana Apartments consists of (2) studio units, (6) one bedroom/one bathroom units and (2) two bedroom/one bathroom units. The property sits on .32 acres in the heart of downtown Las Vegas. Nolana offers residents a quiet, secluded living environment within walking distance to over 100 restaurants, bars and coffee shops in the East Fremont and DTLV District.
The property features a modern-retro resident experience boasting heritage-rich features with tastefully updated units. The asset was fortunate enough to receive a professionally branded, community-themed experience f rom the late visionary Tony Hsieh and DTP Companies (fka Downtown Project). The perimeter of the community is fully-fenced with coded entry access gates creating an off-street oasis for its residents. The interior courtyard portrays a well-manicured common area with dining area, BBQ, security cameras, onsite laundry and mature landscaping with over-flowing fruit trees. Each of the apartments is equipped with stainless steel appliances, upgraded cabinets, granite counters and updated flooring carefully designed to offer a detail-orientated living experience.
Positioned off an access street for the Las Vegas Academy of the Arts and East Bridger, Nolana is conveniently close to all the abundant lifestyle Downtown Las Vegas living has to offer. With quick access to the I-15 and US-95, these renovated apartments are ideal for both personal and professional lifestyles. The Downtown Las Vegas corridor has now become a sustainable, modern, and urban city environment. This eye-catching complex is one of the pioneers of the Downtown revival, offering opportunity to any investor seeking to break into one of the few, still active, redevelopment and growth focused sectors of Las Vegas.

Financial Summary (Pro forma - 2024) Click Here to Access

Annual Annual Per SF
Gross Rental Income $99,999 $9.99
Other Income $99,999 $9.99
Vacancy Loss $99,999 $9.99
Effective Gross Income $99,999 $9.99
Taxes $99,999 $9.99
Operating Expenses $99,999 $9.99
Total Expenses $99,999 $9.99
Net Operating Income $99,999 $9.99

Financial Summary (Pro forma - 2024) Click Here to Access

Gross Rental Income
Annual $99,999
Annual Per SF $9.99
Other Income
Annual $99,999
Annual Per SF $9.99
Vacancy Loss
Annual $99,999
Annual Per SF $9.99
Effective Gross Income
Annual $99,999
Annual Per SF $9.99
Taxes
Annual $99,999
Annual Per SF $9.99
Operating Expenses
Annual $99,999
Annual Per SF $9.99
Total Expenses
Annual $99,999
Annual Per SF $9.99
Net Operating Income
Annual $99,999
Annual Per SF $9.99

Property Facts

Price $1,350,000
Price Per Unit $135,000
Sale Type Investment
No. Units 10
Property Type Multifamily
Property Subtype Apartment
Apartment Style Garden
Building Class C
Lot Size 0.32 AC
Building Size 5,066 SF
No. Stories 1
Year Built/Renovated 1940/2014
Opportunity Zone Yes

Unit Amenities

  • Heating
  • Kitchen
  • Range

Site Amenities

  • Courtyard
  • Fenced Lot
  • Laundry Facilities
  • Picnic Area
  • Gated
  • Grill

Unit Mix Information

Description No. Units Avg. Rent/Mo SF
1+1 6 $999.00 503 - 550
2+1 2 $1,250 705
Walk Score ®
Walker's Paradise (92)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

PROPERTY TAXES

PROPERTY TAXES

Parcel Numbers
Multiple
  • 139-34-712-123
  • 139-34-712-068
Land Assessment
$90,300
Improvements Assessment
$98,429
Total Assessment
$188,729
Annual Taxes
($1) ($0.00/SF)
Tax Year
2024 Payable 2024

zoning

Zoning Code R-4, Las Vegas
R-4, Las Vegas
  • Listing ID: 34213559

  • Date on Market: 12/16/2024

  • Last Updated:

  • Address: 901-903 E Bridger Ave, Las Vegas, NV 89101

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