92 W Mesquite Blvd - Apartments FOR SALE


Mesquite, NV 89027
$4,600,000 USD
702-346-7200
92 W Mesquite Blvd, Mesquite, NV for Sale
$4,600,000 USD
Apartments - FOR SALE
1/29
null | 5.8% Cap Rate

92 W Mesquite Blvd
Mesquite, NV 89027


HIGHLIGHTS

  • Single Story Studios 29 newer Studios Built Dec 2022 5 Buildings in the back of the property
  • 22 Studios in the front of the property remodeled in 2019
  • Great Location

OVERVIEW

Great investment property. Located in downtown Mesquite, NV, near shopping, Library, Community Theater, Mega 6 Theater, Casinos, Restaurant's, walking and bike paths. Large Studio Complex. 51 apartments. Front has 18 units 270 sq ft, 3 1 bedrooms, 500 sq ft, 1 3 bedroom apartment, house 1,700 sq ft. The 29 new back units are 300 sq. ft. back units have showers. Front Studios were remodeled in 2019, upgraded electrical, upgraded plumbing, upgraded flooring unit 22 has carpet and ceramic tile with a bathtub. unit 11, 12, 14, 15, 16, 17, 18, 19, 20, 21 and 22 have full bathrooms. 1, 2, 3, 4, 5, 6, 7, 8, 9, and 10 all have showers. Front parking lot has been paved. There is a laundry room on site, it's not being used. It could easily be put back into service for the renter's. Swimming Pool was filled in. Wrought Iron Fence was installed on the westside of the building. Dumpster, enclosure was in stalled 2023 in the front. Front building has been painted interior and exterior. Owner agent. In addition to rents there is a charge of $30 for utilities.

FOR SALE DETAILS

PRICE

$4,600,000 USD

PRICE/SF

$114 USD /SF

# OF UNITS

51

PRICE/UNIT

$90,196

CAP RATE

5.8%

% LEASED

88%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

La Noor Studios

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Dormitory

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2022

PARKING SPACES

54

LAND DETAILS

LAND ACRES

1.11 AC

LAND SF

48,352 SF

ZONING

M:CR-3

APN/PARCEL ID

001-16-301-039

ASK ABOUT THIS PROPERTY

Cathy KochERA Brokers ConsolidatedMore Info
702-346-7200

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Cathy KochERA Brokers ConsolidatedMore Info
702-346-7200

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