1812 Lewis Ave - Apartments FOR SALE


Las Vegas, NV 89101- Downtown Las Vegas
$699,000 USD
725-332-8111
1812 Lewis Ave, Las Vegas, NV for Sale
$699,000 USD
Apartments - FOR SALE
1/8
null | 7.66% Cap Rate

1812 Lewis Ave
Las Vegas, NV 89101
Downtown Las Vegas


HIGHLIGHTS

  • Downtown Las Vegas - near Freemont Street Experience
  • Walking distance to businesses, shops & restaurants
  • Beautifully remodeled 4-Plex
  • Stable investment property at a 7.66% cap rate
  • Excellent to owner occupy one of the stunningly remodeled units

OVERVIEW

Discover this exquisitely renovated 4-plex nestled in the vibrant heart of downtown Las Vegas! Boasting a total of +/-2,694 SF, this gem features four remodeled units, including three 1-bed and 1-bath units, and a spacious 2-bed and 1-bath unit, all situated on a generous 6,970 SF lot. Adorned with lush landscaping, private, secure fencing, and a spacious, private BBQ area, this charming 4-plex promises an inviting ambiance. With a stellar 7.66% CAP rate based on current rents, this property offers lucrative, steady cash flow with upside potential. Positioned within walking distance of bustling businesses, trendy shops, and delectable eateries, as well as a short drive to the iconic Freemont Street Experience and the renowned Las Vegas Strip, this exceptional 4-plex presents a stable investment opportunity with upside, and ideal property for an owner looking to reside in one of the beautifully remodeled units. This one will go fast. Email me for more information or to make an offer before it's gone. *Please do not disturb occupants. Showings available upon submitting an offer.

FOR SALE DETAILS

PRICE

$699,000 USD

PRICE/SF

$259 USD /SF

# OF UNITS

4

PRICE/UNIT

$174,750

CAP RATE

7.66%

% LEASED

95%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1964

PARKING SPACES

4

LAND DETAILS

LAND ACRES

0.16 AC

LAND SF

6,839 SF

ZONING

R4, Las Vegas

APN/PARCEL ID

139-35-814-004

ASK ABOUT THIS PROPERTY

Marcie HansenRegency Realty InvestmentsMore Info
725-332-8111

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Marcie HansenRegency Realty InvestmentsMore Info
725-332-8111

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