2201 James Bilbray Dr - Apartments FOR SALE


Las Vegas, NV 89108- Michael Way
$850,000 USD
702-408-2289
2201 James Bilbray Dr, Las Vegas, NV for Sale
$850,000 USD
Apartments - FOR SALE
1/18
null | 5.6% Cap Rate

2201 James Bilbray Dr
Las Vegas, NV 89108
Michael Way


HIGHLIGHTS

  • Turnkey Asset – Built in 1998 and well-maintained, minimizing upfront capital expenditure.
  • Premier Location – Situated in Northwest Las Vegas near Summerlin, one of the valley’s most desirable and high-growth submarkets.
  • Attractive Returns – Proforma cap rate of 5.60%, offering both solid yield and potential upside.
  • Strong Unit Mix – Four spacious 2-bed/2-bath units, each 960 sq. ft., with in-unit washer/dryer for tenant convenience.
  • Community Amenities – Residents benefit from access to a pool with water features, enhancing retention and rental demand.
  • Low Management Burden – HOA covers water, trash, and sewer, simplifying operations and reducing owner responsibility.

OVERVIEW

2201 James Bilbray is a Class A fourplex investment in northwest Las Vegas near Summerlin. Built in 1998, it offers four 2-bed/2-bath units (960 SF each) with in-unit laundry, living rooms, and dining areas. The property is fully occupied, with tenant-paid power/gas and HOA-covered water, trash, and sewer. The community features palm-lined streets, stucco homes, and a community pool with water features. Ideally located minutes from Whole Foods, Boca Park, and Mountain View Hospital, it combines tenant convenience with strong rental demand. With a 5.60% proforma cap rate, this turnkey asset provides stability and upside in one of Las Vegas’s most sought-after submarkets.

FOR SALE DETAILS

PRICE

$850,000 USD

PRICE/SF

$214 USD /SF

# OF UNITS

4

PRICE/UNIT

$212,500

CAP RATE

5.6%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

2201 James Bilbray

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1998

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.05 AC

LAND SF

2,196 SF

ZONING

R-PD15

APN/PARCEL ID

138-23-124-071

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.