1932 Lirio Way - Apartments FOR SALE


Las Vegas, NV 89108- Michael Way
$799,999 USD
702-408-2289
1932 Lirio Way, Las Vegas, NV for Sale
$799,999 USD
Apartments - FOR SALE
1/2
null | 5.14% Cap Rate

1932 Lirio Way
Las Vegas, NV 89108
Michael Way


HIGHLIGHTS

  • Value-Add Upside — Pro forma cap rate of 6.78% via straightforward rent optimization
  • Stabilized Income — Fully occupied by listing date with stable tenant base
  • Desirable Unit Features — Fireplaces, private laundry, large open layouts
  • Ample On-Site Parking — Enhances tenant convenience and retention
  • Strong Rental Demand — Proximity to Summerlin, major freeways, and employment hubs
  • Well-Maintained 1988 Construction — Durable asset with minimal deferred maintenance

OVERVIEW

Hyde Real Estate is pleased to present an exclusive opportunity to acquire a stabilized Class B fourplex in the high-demand Las Vegas submarket near Summerlin. Built in 1988, 1932 Lirio Way consists of four identical 2-bed, 2- bath units with desirable tenant amenities including fireplaces, private laundry rooms, and spacious living areas. With two units currently turning over, the property will be fully occupied at market-aligned rents by the time of sale, offering immediate income with significant value-add potential. The current estimated cap rate of 5.14% is poised to expand to 6.78% on a pro forma basis through modest rent adjustments. Located just minutes from US-95/215, premier shopping centers, and the Las Vegas Medical District, this asset is perfectly positioned for stable cash flow, organic rent growth, and long-term appreciation.

FOR SALE DETAILS

PRICE

$799,999 USD

PRICE/SF

$200 USD /SF

# OF UNITS

4

PRICE/UNIT

$200,000

CAP RATE

5.14%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1988

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.17 AC

LAND SF

7,405 SF

ZONING

R3

APN/PARCEL ID

138-23-710-002

ASK ABOUT THIS PROPERTY

Catherine HydeHyde Real Estate Group at Simply VegasMore Info
702-408-2289

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Catherine HydeHyde Real Estate Group at Simply VegasMore Info
702-408-2289

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