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1520 S Casino Center Boulevard - Art District Apartments, Las Vegas, NV

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1520 S Casino Center Boulevard - Art District Apartments

Las Vegas, NV 89104 - Outer Downtown/Central Las Vegas MF Submarket

Property Type:Multi-Family Number of Units:39 Status:Existing Year Built:1963
Stories:2 Building Size:19,925 SF Land Area:.47 AC (20,473 SF)
For Sale Price:$5,999,000 Price/Unit:$153,820.51 Cap Rate:5.03 % GRM:16.50

Parking:1.25 Parking Spaces / 1,000 SF

The bed-bath mix, unit counts and sizes are confirmed per property management.

Sale Notes:
The ARTS DISTRICT APARTMENT building was fully renovated in 2013 with top of the line modern material and fixtures. The property is constantly fully occupied and generates a great cash flow stream. This property is easily managed by an out of state owner and operates smoothly. Updated with beautiful granite counter tops, stainless steel appliances, gated & an enclosed parking lot as well as a security entry key pad for added safety (among many other upgrades) this building will constantly draw a stronger class of renters. SPECIALLY because this property is among the bigger sized studio apartments in the area providing regular sized refrigerators and stoves that make these units feel like home which provides lower turnover for ease of management.

Situated in the highly desired and up and coming Arts District this location caters to the new class of young hipsters as well as the young working class who want to live near work, Freemont experience, I-15Fwy, bus line etc. Just feet from Las Vegas Blvd these units will always be in high demand.

Network Realty
David Makabi
(702) 306-4733

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