Highlights

• H-1 Zoning
• High Traffic Counts
• Well Maintaned for Strong Curb Appeal

• Value Added Investment

Description

Major Price Reduction, Class A for $85,300/unit, lowest price in area! This value added investment called the Emerald Suites on Las Vegas Blvd. South (The LV Strip) is currently an extended stay motel. These multifamily units were built in 2001 and can be used for Apartments, Time Share or Retirement homes. The property has 10 three story structures containing a total of 386 units of which 292 are 1 bedrooms and 94 are 2 bedrooms. There is also a separate building containing a lobby area and 2nd story offices utilized for management. There is 2 laundry rooms, exercise room and one meeting room. All units are fully furnished with varying degrees of quality, some units have upgraded furnishings in them with flat screen TV' s. The existing numbers are based on actual performance with 55% occupancy. Call Al Barbagallo for detailed package.

Excellent location is the key to this property' s success in the future. Located on one of the most famous streets in the world, Las Vegas Boulevard South . This property is 1 mile north of the I-15 freeway ramps at Silverado Ranch Blvd. ¾ miles to the north is South Point Hotel/Casino which has 2,163 rooms, 16 screen movie theater and a 64 lane bowling alley. 3 miles to the north on Las Vegas Blvd is the new 1.5 million square foot Town Square . This mega-mall generates over $1,000 per square foot in revenue and includes a large grocery store called Whole Foods , Rave Motion Picture movie theater and other national brand stores are Abercrombie, Ann Taylor, Bebe, Fry' s, Guess, Pac Sun & Tommy Bahama' s. There are several national restaurants in the immediate area including Outback, Chili' s, Ca. Pizza Kitchen, Claim Jumper and several fast food franchises.

Attachments

• Enhanced Listing Web Site