3909-3949 N Nellis Blvd - Apartments FOR SALE


Las Vegas, NV 89115- Sunrise Manor
$17,000,000 USD
702-768-3882
3909-3949 N Nellis Blvd, Las Vegas, NV for Sale
$17,000,000 USD
Apartments - FOR SALE
1/19
null | 6.5% Cap Rate

3909-3949 N Nellis Blvd
Las Vegas, NV 89115
Sunrise Manor


HIGHLIGHTS

  • 100 units with each one having its own parcel number. (can easily be converted to condo project - multiple exit strategies)
  • Covered Parking
  • 100 Units Total with 83 of them being 2 bed 2 bath. (47 of the 2 bed 2 bath apartments are oversized at 1,005 Sq Ft)
  • Swimming Pool
  • Gated entrance
  • Washer and Dryer each unit

OVERVIEW

Terravita Apartments is a 100-unit multi family complex that includes a mix of renovated Seventeen (17) one-bedroom / one-bathroom apartments and Eighty-Three (83) Two-Bedroom / Two Bathroom apartments. The property is located in the Sunrise Manor sector of Las Vegas which is a dynamic affordable segment with Nellis Frontage and in close proximity to shopping and nearby schools. The project consists of Six (6) two story buildings sitting on 3.61 acres with gated entrances to the complex. The property also offers potential buyers with multiple exit strategies as each of the 100 units comes with its own parcel number so the complex can easily be converted to a condominium project or managed as an apartment complex. The units range in size from 555 Sq Ft - 770 Sq Ft for the 1 bed - 1 bath units to 906 sq ft - 1,005 for the 2 bed - 2 bath units. Forty Seven (47) of the 2 bed - 2 bath units are oversized at 1,005 Sq Ft. The complex has a swimming pool and barbeque area for the tenants with each unit having its own washer and dryer, dishwasher, walk in closets, balcony area, ceiling fans and much more.

FOR SALE DETAILS

PRICE

$17,000,000 USD

PRICE/SF

$186 USD /SF

# OF UNITS

100

PRICE/UNIT

$170,000

CAP RATE

6.5%

% LEASED

80%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Terravita Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1983

PARKING SPACES

190

LAND DETAILS

LAND ACRES

1.13 AC

LAND SF

49,122 SF

ZONING

R4

APN/PARCEL ID

140-08-510-001,140-08-510-021,140-08-510-033,140-08-510-057,140-08-510-073,140-08-510-085

ASK ABOUT THIS PROPERTY

Mike GutierrezElite RealtyMore Info
702-768-3882

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Mike GutierrezElite RealtyMore Info
702-768-3882

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