2635-2655 Sherwood St - Apartments FOR SALE


Las Vegas, NV 89109- Midtown Las Vegas
$3,325,000 USD
702-820-5660
2635-2655 Sherwood St, Las Vegas, NV for Sale
$3,325,000 USD
Apartments - FOR SALE
1/5
null | 6.32% Cap Rate

2635-2655 Sherwood St
Las Vegas, NV 89109
Midtown Las Vegas


HIGHLIGHTS

  • Value-Add Opportunity
  • 24 Spacious Units With a Fully Gated Courtyard
  • Attractive Mix of All Two & Three-Bedrooms Floorplans
  • Freshly Painted Exterior
  • On-Site Laundry Hookups
  • Located Directly North of the Las Vegas Country Club, Within Walking Distance to the Las Vegas Strip

OVERVIEW

The Sherwood Palms Apartments were built in 1963 and consist of six two-story buildings with 24 spacious units constructed of wood frame and stucco.The unit mix consists of (12) two-bed / one-bath units, (6) two-bed / two-bath units, and (6) three-bed / two-bath units with a weighted average of 871 square feet. This desirable community sits on 0.68 acres of land and offers its residents on-site laundry and a fully secured and elegantly landscaped courtyard. The property is surrounded by multiple dining, entertainment, and shopping hubs which includes the Historic Commercial Center District, Arts District, and the multitude of entertainment and dining opportunities along the Las Vegas Strip. Residents will have access to some of the area’s most popular local destinations that are all within walking distance from the property. Significant sources of employment in the area are dominated by leisure and hospitality opportunities along with positions in the professional and business sectors.

FOR SALE DETAILS

PRICE

$3,325,000 USD

PRICE/SF

$156 USD /SF

# OF UNITS

24

PRICE/UNIT

$138,542

CAP RATE

6.32%

% LEASED

95%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Sherwood Palms

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1963

PARKING SPACES

24

LAND DETAILS

LAND ACRES

0.68 AC

LAND SF

29,621 SF

ZONING

H-1, County

APN/PARCEL ID

162-10-113-009,162-10-113-010

ASK ABOUT THIS PROPERTY

Jason DittenberABI MultifamilyMore Info
702-820-5660

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Jason DittenberABI MultifamilyMore Info
702-820-5660

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