2213 Sunrise Ave - Apartments FOR SALE


Las Vegas, NV 89101- Downtown Las Vegas
$1,200,000 USD
702-439-3388
2213 Sunrise Ave, Las Vegas, NV for Sale
$1,200,000 USD
Apartments - FOR SALE
1/18
null | 7.11% Cap Rate

2213 Sunrise Ave
Las Vegas, NV 89101
Downtown Las Vegas


HIGHLIGHTS

  • 4 × 3BD/2BA + 4 × 2BD/1BA
  • 7.1% current cap rate
  • 8.9% proforma cap rate
  • Long-term, month-to-month tenants
  • Well-maintained units and building
  • Opportunity for rental upside and improved returns

OVERVIEW

Hyde Real Estate Group is pleased to present 2213 Sunrise Avenue. This 8-unit building presents a compelling multifamily investment opportunity with an excellent unit mix of four 3-bedroom/2-bath units and four 2-bedroom/1-bath units. The property is currently operating at a 7.1% cap rate with established, long-term month-to-month tenants, providing a strong foundation for an investor seeking both stability and upside. The well-cared-for units and building offer an attractive opportunity to optimize rents and move toward an 8.9% proforma cap rate. The diverse unit mix appeals to a broad tenant base while supporting long-term rental demand. Conveniently located just minutes from Downtown Las Vegas and Cashman Field, the property offers easy access to employment, entertainment, dining, and major transportation corridors.

FOR SALE DETAILS

PRICE

$1,200,000 USD

PRICE/SF

$145 USD /SF

# OF UNITS

8

PRICE/UNIT

$150,000

CAP RATE

7.11%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Sunrise Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1957

PARKING SPACES

7

LAND DETAILS

LAND ACRES

0.42 AC

LAND SF

18,295 SF

ZONING

R-4

APN/PARCEL ID

139-35-812-009

ASK ABOUT THIS PROPERTY

Jillian HydeSimply Vegas - Green ValleyMore Info
702-439-3388

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Jillian HydeSimply Vegas - Green ValleyMore Info
702-439-3388

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