This Multifamily Property is Off-Market.

4600 Vegas Drive
Las Vegas, NV 89108 ·

192 Units · Multifamily For Sale

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Sagebrook

Price N/A Cap Rate 9.70%
No. Units 192 Occupancy 85%
Building Size 148,008 SF No. Stories 2
Property Type Multifamily Year Built 1986
Property Sub-type Garden/Low-Rise Lot Size 6.56 AC
Property Use Type Investment
Listing ID: 17610640 Date Created: 04/10/2012 Last Updated: 01/27/2013

Description

Sagebrook Apartments is a Class-B, two-story frame-stucco garden style community located in the heart of the northwest submarket of Las Vegas - Paradise MSA. The property was constructed in 1989 and consists of 192 units with five attractive floor plans. The community is fully amenitied and has recently stabilized with over 85% occupancy.

This is NOT and REO or Short-Sale and will be sold "As Is and Where Is" and with no representations or warranties from the Seller. SHOWN BY APPOINTMENT ONLY...DO NOT DISTURB TENANTS NOR MANAGEMENT.

Located in Las Vegas' northwest submarkets, Sagebrook Apartments is a value-add investment and provides attractive units to local residences and casino service workers. It has easy access to employment and entertainment centers as well as to transportation arterials leading to all areas of the valley.

Highlights

  • POSSIBLE LOAN ASSUMPTION - $1.7 MM EQUITY
  • LARGE RENTAL OFFICE - IDEAL BUS/FITNESS CENTER
  • STABILIZED OCCUPANCY OF 85%
  • UNITS AVERAGE 775 sf
  • NON SHORT SALE - NON REO

Research

4600 Vegas Drive, Las Vegas, NV 89108 (Clark County)

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