2204 Sunrise Ave - Apartments FOR SALE


Las Vegas, NV 89101- Downtown Las Vegas
$945,000 USD
702-943-1907
2204 Sunrise Ave, Las Vegas, NV for Sale
$945,000 USD
Apartments - FOR SALE
1/10
null | 6.75% Cap Rate

2204 Sunrise Ave
Las Vegas, NV 89101
Downtown Las Vegas


HIGHLIGHTS

  • Minutes from the vibrant Fremont East Entertainment District, offering access to dining, entertainment, and cultural attractions.
  • Opportunity Zone Benefits: Designated as an Opportunity Zone, potentially providing tax advantages for investors.
  • Convenient access to Las Vegas Boulevard and Interstate 15, facilitating easy travel across the Las Vegas metropolitan area.
  • Value-Add Potential: Opportunity for renovations or repositioning to capitalize on the area’s ongoing urban revitalization and growth.

OVERVIEW

Northcap Multifamily is proud to present 2204 Sunrise Ave Apartments built in 1955 with recent updates and renovations. This property consists of seven total units comprised of two (2) one bedroom, one bath units (1B/1b); and five (5) two bedroom, one bath units (2B/1b). The property is located in a well-established area of Downtown East and presents an opportunity for investors seeking income producing assets in a high-demand rental market. The property is known for its steady rental demand driven by proximity to downtown employment centers and entertainment options. With Las Vegas’ ongoing urban revitalization, this property is well-positioned for potential value-add strategies, such as renovations or repositioning to capitalize on the area’s growth. 2204 Sunrise Ave, Las Vegas, NV 89101 is situated in the Downtown East neighborhood, a vibrant and evolving area within the heart of Las Vegas. This property benefits from its proximity to the Fremont East Entertainment District, a dynamic corridor known for its eclectic mix of restaurants, bars, and cultural attractions. The location offers convenient access to major thoroughfares, including Las Vegas Boulevard and Interstate 15, providing connectivity to the broader Las Vegas metropolitan area. The 89101 zip code is part of an Opportunity Zone, which may offer tax advantages for investors looking to develop or hold properties in this area. The surrounding neighborhood features a mix of residential, multifamily, and commercial properties, contributing to a diverse urban environment with growth potential. Nearby points of interest include the Fremont Street Experience, the Arts District, and downtown Las Vegas’ business and government hubs, all within a short distance.

FOR SALE DETAILS

PRICE

$945,000 USD

PRICE/SF

$225 USD /SF

# OF UNITS

7

PRICE/UNIT

$135,000

CAP RATE

6.75%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1961

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.2 AC

LAND SF

8,712 SF

ZONING

R-4, Las Vegas

APN/PARCEL ID

139-35-812-014

ASK ABOUT THIS PROPERTY

Jerad RobertsNorthCap CommercialMore Info
702-943-1907

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Jerad RobertsNorthCap CommercialMore Info
702-943-1907

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