3400 Dry Gulch Dr - Apartments FOR SALE


Laughlin, NV 89029
$7,250,000 USD
702-831-8846
3400 Dry Gulch Dr, Laughlin, NV for Sale
$7,250,000 USD
Apartments - FOR SALE
1/21
null | Request Cap Rate

3400 Dry Gulch Dr
Laughlin, NV 89029


OVERVIEW

Located at 3400 Dry Gulch Drive in Laughlin, Nevada, The Villas at South Pointe presents an attractive investment to acquire 39 three-story townhomes within a cohesive residential 55+ community approximately 90 minutes from Las Vegas. Each unit features a direct-access two-car garage and averages 1,520 square feet.Key highlights include strong current occupancy, immediate rent upside from below-market rates, with solid projected growth, attractive overall returns, and meaningful value-add potential requiring minimal capital investment.

FOR SALE DETAILS

PRICE

$7,250,000 USD

PRICE/SF

$122 USD /SF

# OF UNITS

39

PRICE/UNIT

$185,897

CAP RATE

Request Cap Rate

% LEASED

92%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

The Villas at South Pointe

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1989

PARKING SPACES

110

LAND DETAILS

LAND ACRES

2.49 AC

LAND SF

108,464 SF

ZONING

-

APN/PARCEL ID

264-28-210-112

ASK ABOUT THIS PROPERTY

Michael AlbaneseCushman & WakefieldMore Info
702-831-8846

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

Michael AlbaneseCushman & WakefieldMore Info
702-831-8846

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