409-417 E Merlayne Dr - Apartments FOR SALE


Henderson, NV 89011- Pittman-Henderson
$6,400,000 USD
702-369-8618
409-417 E Merlayne Dr, Henderson, NV for Sale
$6,400,000 USD
Apartments - FOR SALE
1/24
null | 5.64% Cap Rate

409-417 E Merlayne Dr
Henderson, NV 89011
Pittman-Henderson


OVERVIEW

PROPERTY DESCRIPTION Camino at Merlayne Apartments offers investors a best-of-both-worlds opportunity to acquire a very well located asset with an excellent unit mix. The property consists of (32) 2B/2b units, along with (2) recently added studio units, totally 34 units. These unique 2 bedroom 2 bathroom floorplans offer dual-master layouts ideally situated for roommate or family living scenarios. The buildings were built in 1994 and sit on .65 acres of land. Residents enjoy onsite laundry facilities, security cameras, nearly 70 parking spaces with approximately half covered, and a spacious dual entry motor way. Over the last 10 years the property has undergone many tasteful renovations and improvements. LOCATION DESCRIPTION Camino at Merlayne Apartments is located in a quiet, residential neighborhood just off E Sunset Rd & Boulder Hwy. It is minutes away from shopping, gaming, and many more attractions on Boulder Highway. This Location also provides easy access to the I-95 and I-215 freeways and major employment such as major employment centers in the Southeast area and to the Boulder “Strip” hotel/casinos. Across the street sits Edna Hinma Elementary School, a community Baptist Church and Wells Park, offering residents a plethora of benefits including a walking park, playground, pool and ball field.

FOR SALE DETAILS

PRICE

$6,400,000 USD

PRICE/SF

$192 USD /SF

# OF UNITS

34

PRICE/UNIT

$188,235

CAP RATE

5.64%

% LEASED

94%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Camino at Merlayne **ASSUMABLE LOAN**

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1994

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.65 AC

LAND SF

28,314 SF

ZONING

RH-36

APN/PARCEL ID

178-01-604-009,178-01-604-010

ASK ABOUT THIS PROPERTY

Devin Lee, CCIMNorthcap MultifamilyMore Info
702-369-8618

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Devin Lee, CCIMNorthcap MultifamilyMore Info
702-369-8618

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