1638-1644 Athol Ave - Apartments FOR SALE


Henderson, NV 89011- Midway
$4,600,000 USD
702-552-0123
1638-1644 Athol Ave, Henderson, NV for Sale
$4,600,000 USD
Apartments - FOR SALE
1/14
null | 4.86% Cap Rate

1638-1644 Athol Ave
Henderson, NV 89011
Midway


HIGHLIGHTS

  • Immediate Lease-Up & Value-Add Opportunity:
  • Attractive Entry Basis
  • High-Growth Location & Infrastructure Momentum

OVERVIEW

Offered at $4,600,000 ($164,286/unit | ~$230/SF), Granite Court Apartments presents a highly compelling value-add investment featuring 28 units (18 One-Bedrooms and 10 Studios) across ~20,000 SF on a ~$0.65-acre site. Sitting at an immediate 80.5% occupancy, the property gives investors a clear, actionable path to stabilize operations, lease up vacant units, and capture substantial rental upside. The multi-structure asset (20 units built in 1988 and 8 units built in 1956) includes 3 paid laundry rooms and storage units that generate steady secondary cash flow. Positioned directly along the $184M Reimagine Boulder Highway BRT transit project, the property sits less than a mile from the $1.2B Union Village/Henderson Hospital complex and just 5 minutes from Downtown Henderson's booming Water Street District.

FOR SALE DETAILS

PRICE

$4,600,000 USD

PRICE/SF

$230 USD /SF

# OF UNITS

28

PRICE/UNIT

$164,286

CAP RATE

4.86%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Athol Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1988

PARKING SPACES

40

LAND DETAILS

LAND ACRES

0.65 AC

LAND SF

28,314 SF

ZONING

MC

APN/PARCEL ID

178-01-306-001

ASK ABOUT THIS PROPERTY

Evan RoarkFoster Realty LLCMore Info
702-552-0123

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Evan RoarkFoster Realty LLCMore Info
702-552-0123

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