301 S Orland St - Apartments FOR SALE


Las Vegas, NV 89107- Michael Way
$4,100,000 USD
702-943-1903
301 S Orland St, Las Vegas, NV for Sale
$4,100,000 USD
Apartments - FOR SALE
1/43
null | 7.07% Cap Rate

301 S Orland St
Las Vegas, NV 89107
Michael Way


HIGHLIGHTS

  • The Orland Gardens have premium interior renovations (31 renovated units, seven classic units).
  • There is an outdoor community swimming pool, on-site parking, and on-site laundry facilities.
  • Each unit has a private balcony and central heating and air conditioning.
  • This is a value-add opportunity with large upside available rents.

OVERVIEW

Northcap Multifamily is pleased to present the Orland Gardens Apartments Homes. Orland Gardens is a 38-unit apartment community with one- and two-bedroom units ranging between 580 and 625 square feet. The property was built in 1979 and sits on 0.77 acres. The complex is comprised of three buildings made of wood/stucco construction. Tenants can enjoy ample on-site parking, on-site laundry, and the sparkling community swimming pool. The property is located in the incredibly well-situated west central area of Las Vegas, with convenient access to the US-95 Freeway providing easy access to Summerlin, Downtown, and the Las Vegas Strip. Located on a quiet street less than 1 minute from the Jones and US-95 off ramp makes this location ideal for travel to and from work. Residents have easy access to open space, schools, and public transportation. This accessible location also allows tenants to explore many employment sources, shopping centers, entertainment, and numerous eateries.

FOR SALE DETAILS

PRICE

$4,100,000 USD

PRICE/SF

$182 USD /SF

# OF UNITS

38

PRICE/UNIT

$107,895

CAP RATE

7.07%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Orland Gardens **PRICE REDUCED**

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1979

PARKING SPACES

28

LAND DETAILS

LAND ACRES

0.77 AC

LAND SF

33,541 SF

ZONING

R-4, Las Vegas

APN/PARCEL ID

138-25-410-008,138-25-410-009,138-25-410-010,138-25-410-011

ASK ABOUT THIS PROPERTY

Robin WillettNorthcap MultifamilyMore Info
702-943-1903

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Robin WillettNorthcap MultifamilyMore Info
702-943-1903

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