3017-3021 E Carey Ave - Apartments FOR SALE


North Las Vegas, NV 89030- Downtown North Las Vegas
$1,200,000 USD
949-230-8342
3017-3021 E Carey Ave, North Las Vegas, NV for Sale
$1,200,000 USD
Apartments - FOR SALE
1/10
null | 6.69% Cap Rate

3017-3021 E Carey Ave
North Las Vegas, NV 89030
Downtown North Las Vegas


HIGHLIGHTS

  • 12 Multi-Family Units with Studio & 1 Bedroom Floor Plans
  • Physical & Economic Value-Add Opportunity
  • Spacious Corner Lot Within Walking Distance to Convenience Store
  • Within Close Proximity of Major NLV Village Mixed-Use Redevelopment Project
  • Conveniently Access to Major Freeways, Including Interstate 11 & 15

OVERVIEW

The Holden Group of Marcus & Millichap, as the exclusive listing group, is pleased to present the opportunity to acquire 3017 East Carey Avenue, a 12-unit multifamily investment property located near Downtown North Las Vegas. Situated on a spacious corner lot, this asset features a desirable mix of studio and one-bedroom floor plans, ideal for tenants seeking affordability and convenience. The property offers strong physical and economic value-add potential, with an opportunity to modernize exterior lighting, fencing, and paint, as well as reposition interior units through strategic renovations. Current rents are below market, providing significant upside for investors to increase cash flow through targeted upgrades and professional property management. 3017 East Carey Avenue benefits from a central location with convenient access to Interstates 11 and 15 and is positioned within walking distance of a neighborhood convenience store. The property is located near several community-serving amenities, including the Boys & Girls Club, and a new fire station currently under development at East Carey Avenue and North Carroll Street. Additionally, the property lies near the transformative North Las Vegas Village redevelopment project, a major mixed-use initiative expected to bring new retail, medical, and residential activity to the area. With its low price per unit, strong tenant demand, and long-term growth potential, 3017 East Carey Avenue presents an excellent opportunity for both first-time and seasoned investors looking to acquire a high-upside asset in a rapidly improving North Las Vegas submarket. *Drive by only. Do not walk the property or disturb the residents. Please contact the Listing Agent for a copy of the Offering Memorandum.*

FOR SALE DETAILS

PRICE

$1,200,000 USD

PRICE/SF

$240 USD /SF

# OF UNITS

12

PRICE/UNIT

$100,000

CAP RATE

6.69%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1978

PARKING SPACES

8

LAND DETAILS

LAND ACRES

0.3 AC

LAND SF

13,068 SF

ZONING

R-4, North Las Vegas

APN/PARCEL ID

139-24-510-245

ASK ABOUT THIS PROPERTY

Drew HoldenMarcus & MillichapMore Info
949-230-8342

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Drew HoldenMarcus & MillichapMore Info
949-230-8342

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