Highlights

• 9.78% Cap
• Completely refurbished in spring of '09
• 10 year warranty on 8 new central HVAC units

• Designed for easy management, low operating and turn costs
• VERY MOTIVATED SELLER
• Masonry construction

Description

This is a great building completely refurbished in spring of '09 for the purpose of a low maintenance long term hold investment.
9.78% Cap, $92 per square foot, $44,875 per unit.
New Interior and exterior paint.
New decorative metal fencing with secure access.
8 Brand New 40 gal. Low boy water heaters.
8 Brand New 2/2.5 ton heating and central HVAC with 10 year warranties.
Tile Floors for reduced turn costs (no carpet cleaning or replacement)
8 Brand New electrical panels and breakers
All new cabinets and counters
Solid roof system
Limited appliances (refrigerator and range) for reduced operating costs all with owner warranties
Tiled shower
All new lighting fixtures, sinks, faucets and interior plumbing connections
Masonry construction
Not Bank REO or Short Sale

The area is primarily rental dwellings near Downtown Casinos and part of the Mayor's redevelopment planning. This location has new apartment developments that are leasing 1 bedrooms of similar quality for $575. This building is the only residential dwelling on a block owned primarily by the 2nd Baptist Church of Las Vegas and the Victory Missionary Baptist Church, both larger well funded churches.