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Linn Lane Apartments 1967 Linn Ln 6 Unit Apartment Building $724,900 ($120,817/Unit) 6.50% Cap Rate Las Vegas, NV 89156
Executive Summary
Discover an exceptional investment opportunity in a tranquil residential setting, perfectly blending privacy with unparalleled convenience. This unique property features (6) UNITS, offering a diverse portfolio for savvy investors. It includes (4) two-bedroom, one-bathroom units and (2) separate comfortable studio units, providing a range of living options. Significant VALUE-ADD potential exists through the current under-market rents. Residents will appreciate the serene environment and the added security of a gated property, ensuring a peaceful lifestyle. The generous 8,276 square foot lot offers ample outdoor space. Strategically located, this property provides easy access to Lake Mead Blvd with a variety of shopping destinations. This is an ideal acquisition for those seeking a robust income-generating asset in a desirable quiet living community.
Financial Summary (Actual - 2025) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$56,100
|
$17.53
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$56,100
|
$17.53
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$8,954
|
$2.80
|
| Net Operating Income |
$47,146
|
$14.73
|
Financial Summary (Actual - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $56,100 |
| Annual Per SF | $17.53 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $56,100 |
| Annual Per SF | $17.53 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $8,954 |
| Annual Per SF | $2.80 |
| Net Operating Income | |
|---|---|
| Annual | $47,146 |
| Annual Per SF | $14.73 |
Property Facts
| Price | $724,900 | Property Subtype | Apartment |
| Price Per Unit | $120,817 | Building Class | C |
| Sale Type | Investment | Building Size | 3,200 SF |
| Cap Rate | 6.50% | Average Occupancy | 100% |
| No. Units | 6 | No. Stories | 1 |
| Property Type | Multifamily | Year Built/Renovated | 1963/2020 |
| Price | $724,900 |
| Price Per Unit | $120,817 |
| Sale Type | Investment |
| Cap Rate | 6.50% |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | C |
| Building Size | 3,200 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built/Renovated | 1963/2020 |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 4 | $850.00 | 750 |
| Studios | 2 | $650.00 | 550 |
1 1
Fairly walkable
40/100
Very drivable
80/100
Limited public transit
30/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 140-21-702-004 | Improvements Assessment | $29,069 (2026) |
| Land Assessment | $50,750 (2026) | Total Assessment | $79,819 (2026) |
Property Taxes
Parcel Number
140-21-702-004
Land Assessment
$50,750 (2026)
Improvements Assessment
$29,069 (2026)
Total Assessment
$79,819 (2026)
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