5286 E Tropicana Ave - Apartments FOR SALE


Las Vegas, NV 89122- Whitney
$6,990,000 USD
702-943-1907
5286 E Tropicana Ave, Las Vegas, NV for Sale
$6,990,000 USD
Apartments - FOR SALE
1/22
null | 6.22% Cap Rate

5286 E Tropicana Ave
Las Vegas, NV 89122
Whitney


OVERVIEW

PROPERTY OVERVI EW Tropicana Valley Apartments presents a value-added investment opportunity consisting of four single-story buildings comprising 48 two-bedroom, one-bathroom apartment homes averaging 830 square feet. The community offers a distinctive combination of affordability, comfort, and convenience within a tranquil suburban environment. In addition to the aforementioned amenities, one of the most appealing features for tenants are the spacious, private gated patios that extend the entire width of the living room from the bedroom, providing direct access to the unit. This creates an indoor/outdoor ambiance reminiscent of the vintage Las Vegas lifestyle. Residents also highlight the spacious layouts, pet-friendly community, and proximity to swimming pools. Apartment and community amenities include recently renovated units, spacious bedrooms, fully equipped kitchens with all appliances, expansive living rooms, ample parking, communal BBQs and picnic tables. The Community sits on 3.26 acres located on the east side of Las Vegas within minutes of major employment opportunities, fantastic outdoor adventures, terrific shopping, amazing restaurants, and a quiet family-friendly atmosphere. This location provides residents with easy access to the I-95 Freeway and Boulder Highway which is a major arterial way used to access several sectors of the city within minutes. HIGHLIGHTS • Large 2 Bedroom Units • Massive Privately Gated Patios for All Units • On-Site Management and Leasing Office • Two On-Site Laundry Facilities • Two Sparkling Swimming Pools • Picnic Area with BBQ’s • New Roofs in 2021 • Central Air Conditioning and Heating • Eco Friendly Windows Throughout All Units • Tenants Storage Units Available • Resurfaced Parking Lot • Lush Well-Maintained Landscaping NEW RECENT 2025 INTERIOR RENOVATIONS • All New Flooring • Eco Friendly Windows • Fresh Interior Paint • Kitchen Appliances • Kitchen Counter Tops • Kitchen Cabinets • Kitchen Sinks and Water Faucets • Bathroom Vanities, Showers and Tubs • Lighting Fixtures Throughout Unit • Hot Water Heaters

FOR SALE DETAILS

PRICE

$6,990,000 USD

PRICE/SF

$124 USD /SF

# OF UNITS

48

PRICE/UNIT

$145,625

CAP RATE

6.22%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Tropicana Valley Apartments

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1962

PARKING SPACES

-

LAND DETAILS

LAND ACRES

3.26 AC

LAND SF

142,006 SF

ZONING

R-4

APN/PARCEL ID

161-21-412-088,161-21-412-089

ASK ABOUT THIS PROPERTY

Jerad RobertsNorthCap CommercialMore Info
702-943-1907

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Jerad RobertsNorthCap CommercialMore Info
702-943-1907

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