1165 Sierra Vista Dr - Apartments FOR SALE


Las Vegas, NV 89169- University District
$1,310,000 USD
702-343-9709
1165 Sierra Vista Dr, Las Vegas, NV for Sale
$1,310,000 USD
Apartments - FOR SALE
1/33
null | 6.25% Cap Rate

1165 Sierra Vista Dr
Las Vegas, NV 89169
University District


OVERVIEW

## Turnkey Investment Opportunity with Strong Cash Flow & Rare H-1 Zoning Exceptional opportunity to acquire a fully occupied 4-plex at **1165 Sierra Vista Drive**, offering immediate, stable cash flow with all tenants participating in the Section 8 program, providing dependable rental income. The property generates an impressive **Net Operating Income (NOI) of $81,823**, representing approximately a **6.3% capitalization rate** based on the current list price. This well-maintained asset has been extensively updated and is in excellent condition, including **all new HVAC/air conditioning units**, helping minimize future capital expenditures. Residents also enjoy access to a **shared swimming pool** and a **shared coin-operated laundry facility**, creating additional income potential. Best of all, there is **no HOA**, keeping operating costs lower and maximizing investor returns. A key feature that sets this property apart is its highly desirable **H-1 (Limited Resort & Apartment) zoning**, offering flexibility and long-term upside in a rapidly developing corridor. The adjacent 4-plex at **1153 Sierra Vista Drive** is also available for purchase and is similarly zoned **H-1**. Each property may be purchased individually or together. For investors seeking a larger portfolio, purchasing **both buildings** creates an attractive investment with a **combined capitalization rate of approximately 6.4%** while increasing economies of scale and management efficiency. Adding to the opportunity, the **adjacent H-1 zoned parcel** is also available for sale. A developer could acquire all three properties, creating a unique assemblage for future hospitality, motel, hotel, or other compatible redevelopment, subject to applicable governmental approvals. Whether you're seeking a stabilized income-producing asset, a value-add portfolio acquisition, or a long-term redevelopment opportunity, **1165 Sierra Vista Drive** offers exceptional flexibility, reliable cash flow, and outstanding future potential.

FOR SALE DETAILS

PRICE

$1,310,000 USD

PRICE/SF

$164 USD /SF

# OF UNITS

10

PRICE/UNIT

$131,000

CAP RATE

6.25%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

H-1 ZONING! Maryland Gardens

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1963

PARKING SPACES

4

LAND DETAILS

LAND ACRES

0.16 AC

LAND SF

6,970 SF

ZONING

H-1, Clark County

APN/PARCEL ID

162-15-511-009,162-15-511-010

ASK ABOUT THIS PROPERTY

Mark Anthony PosnerLPT RealtyMore Info
702-343-9709

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Mark Anthony PosnerLPT RealtyMore Info
702-343-9709

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