1076-1112 Sierra Vista Dr - Apartments FOR SALE


Las Vegas, NV 89169- University District
$5,440,000 USD
702-763-2881
1076-1112 Sierra Vista Dr, Las Vegas, NV for Sale
$5,440,000 USD
Apartments - FOR SALE
1/30
null | 5.58% Cap Rate

1076-1112 Sierra Vista Dr
Las Vegas, NV 89169
University District


HIGHLIGHTS

  • Significant Value-Add and Rent Growth Potential
  • Spacious 2- and 3-Bedroom Units
  • Walking Distance to the Convention Center and a Short Drive to the Strip
  • Two-Story Garden-Style Construction
  • Located in One of the Fastest-Growing Metro Economies in the U.S.
  • Strong Occupancy and Proven Rental Demand

OVERVIEW

The Mogharebi Group is pleased to present the Desert Aire Apartments, a well-maintained apartment community ideally located just minutes from the world-famous Las Vegas Strip and the Las Vegas Convention Center. Spanning four parcels with four two-story buildings, this rare offering combines strong in-place performance with exceptional long-term upside in one of the nation’s most dynamic and resilient rental markets. The property’s proximity to major employment centers, world-class entertainment, and ongoing redevelopment activity makes it an attractive investment opportunity for both private and institutional investors.

FOR SALE DETAILS

PRICE

$5,440,000 USD

PRICE/SF

$200 USD /SF

# OF UNITS

32

PRICE/UNIT

$170,000

CAP RATE

5.58%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Desert Aire Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1963

PARKING SPACES

24

LAND DETAILS

LAND ACRES

0.87 AC

LAND SF

37,897 SF

ZONING

H-1, County

APN/PARCEL ID

162-15-510-054,162-15-510-055,162-15-510-056,162-15-510-057

ASK ABOUT THIS PROPERTY

Bill KetchamThe Mogharebi GroupMore Info
702-763-2881

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Bill KetchamThe Mogharebi GroupMore Info
702-763-2881

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.