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Browse More Listings in Hotel & Motel For Sale, Las Vegas, NV or Nevada

Hotel / Motel For Sale

Emerald Suites on Cameron St.

4777 Cameron St., Las Vegas, NV 89103

Price:
$8,188,800
No. Rooms:
96
Building Size:
69,692 SF
Price/Room:
$85,300
Property Type:
Hotel & Motel
Property Sub-type:
Economy/ Limited Service
Additional Sub-types:
Garden/Low-Rise
Assisted Living Residences
Property Use Type:
Investment
Commission Split:
0.75%
No. Stories:
3
Year Built:
2000
Corridor:
Yes
Lot Size:
2.30 AC
Find Out More...

Last Verified 11/17/2009 Listing ID 16148742

Highlights

1.5 miles from the world famous "Las Vegas Strip"
Excellent Location off Tropicana Ave.
Multiple uses include Hotel/Time Share/Apartments/Condos

Value added investment.
Just west of the Orleans Hotel & Casino
$88,000 per unit.

Description

MAJOR PRICE REDUCTION TO $85,300/UNIT! Lowest price in the Strip area! The Emerald Suites on Cameron were built in 2000 as an extended stay motel. The property has 4 three story buildings containing 48 1 bedroom 1 bath units and 48 2 bedroom 1 bath units. There is also 1 laundry room and one exercise room on the property.These units are set up for Extended Stay but with this versatile zoning and construction it can also be utilized for an Apartment Complex , Time Share or For Sale Condo Units . All units are fully furnished with varying degrees of quality, some units have upgraded furnishings with flat screen TV' s. The property is very well maintained with the management company attending to every detail. Call Al Barbagallo for a detailed package.

Considered the South Western submarket of Las Vegas, this property is located near the NWC of Tropicana Avenue and Cameron Street at 4777 Cameron St. The subject property fronts on Cameron and is located approximately 1 mile from the freeway ramps of I-15 which is a major corridor freeway leading into Las Vegas from the California market. The Orleans Hotel and Casino is next door and to the East of the subject property.. The subject property is within a 1 ½ mile distance to the New York New York Hotel/Casino, MGM Grand, Excalibur Hotel and Tropicana Hotel/Casino. These employment centers keep occupancies at a high level.

Attachments

Enhanced Listing Web Site

Financial Summary

Room Mix Information

Debt & Equity Information

Actual
Year
2009
Scheduled Gross Income
$1,239,683
Effective Gross Income
$1,239,683
Operating Expenses
$840,000
Net Operating Income
$399,143

Description	No. Rooms	Avg. Rate
1 Bed/ 1 Bath	48	$1,100
2 Bed/ 1 Bath	48	$1,500

Map of 4777 Cameron St., Las Vegas, NV 89103 (Clark County)

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Contact Listing Broker

Al Barbagallo (702) 733-7500

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Created 3/16/2009

Additional Information for 4777 Cameron Street, Las Vegas, NV 89103

Active For Sale - 1 Listing
Active For Lease - 0 Listing
Previously Listed - 6 Historic Listings
Sales Comparables Available - 0 RecentSales Record

View additional information for the property view other currently active listings, previous listings, sales comparables, public records, and county records data for this address.

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The information above has been obtained from sources believed reliable. While we do not doubt its accuracy we have not verified it and make no guarantee, warranty or representation about it. It is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions, assumptions, or estimates used are for example only and do not represent the current or future performance of the property. The value of this transaction to you depends on tax and other factors which should be evaluated by your tax, financial, and legal advisors. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs.

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Hotel & Motel Property For Sale - Emerald Suites on Cameron St.

4777 Cameron St., Las Vegas, NV, 89103