2001 Fremont St 25 Unit Apartment Building $4,200,000 ($168,000/Unit) 8.75% Cap Rate Las Vegas, NV 89101

WELCOME to 2001 Fremont Street! An Institutional grade TRIPLE NET (NNN) Multi Family asset. Once an acclaimed star studded Motel in Las Vegas turned institutional grade Multi Family building in the heart of Las Vegas. This asset is entirely leased by the government for no headache management. Made up of 26 units - 19 Studios, 5 1 bed & 2 2 beds. This asset is fully renovated, (with permits), maintains a strong tenant and situated in a great location. Building comes with major upgrades, gated entry, Laundry room, controlled access, stainless steel appliances, beautiful black cabinetry, quartz counter tops, recess lighting, fans, ac units and more. Fully landscaped with many date Palm and canary palm trees, pavers throughout and more. The laundry unit can be converted back to a studio unit which would make the property 26 units in total.
Located in the heart of Fremont- this asset will always maintain strong demand. Directly across the street is a condo building selling units for $500k. In this uncertain climate buying an asset with a government guarantee in a growing market is the way to go.