3719 Royal Crest St - Apartments FOR SALE


Las Vegas, NV 89119- University District
$1,600,000 USD
702-552-0123
3719 Royal Crest St, Las Vegas, NV for Sale
$1,600,000 USD
Apartments - FOR SALE
1/14
null | 5% Cap Rate

3719 Royal Crest St
Las Vegas, NV 89119
University District


HIGHLIGHTS

  • Located near global trophy assets
  • $1.5 Billion in active projects nearby (Vegas Loop Station, Maryland Parkway BRT)
  • Close proximity to employment opportunities (Wynn, Venetian, UNLV, Airport, Sphere, etc)

OVERVIEW

PRIME 1998 BUILT VALUE-ADD OPPORTUNITY - Unlock massive rental upside - below market rents leave room for you to add value. Located in close proximity of the $2.3 Billion Sphere, this property serves the backbone of the Las Vegas economy. In a market where rents are rising, affordable housing near major job centers is the most consistent asset class you can own. Recent upgrades include full exterior paint and new lighting. This fully occupied building is ready for you to take it to the next level. Most leases are month-to-month. Rent as traditional housing or potential to lease the whole building to social services provider on a triple net basis to unlock even more potential.

FOR SALE DETAILS

PRICE

$1,600,000 USD

PRICE/SF

$254 USD /SF

# OF UNITS

9

PRICE/UNIT

$177,778

CAP RATE

5%

% 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

1998

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.35 AC

LAND SF

15,246 SF

ZONING

H-1

APN/PARCEL ID

162-15-313-007

ASK ABOUT THIS PROPERTY

Evan RoarkFoster Realty LLCMore Info
702-552-0123

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Evan RoarkFoster Realty LLCMore Info
702-552-0123

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