Log In/Sign Up
Your email has been sent.
2101 Sun Avenue 2101 Sun Ave 4 Unit Apartment Building $655,000 ($163,750/Unit) 5% Cap Rate North Las Vegas, NV 89030
Investment Highlights
- Proforma CAP Rate of 8.44% – Delivers excellent returns in a supply-constrained market.
- $27,000+ in Recent Capital Improvements – Includes HVAC upgrades, new appliances, a full bathroom remodel, roof reseal, balcony/stucco repairs, and mo
- Private Washers/Dryers in Each Unit – A highly sought-after feature for tenant retention and premium rent potential.
- Class B Asset in a Growing Submarket – Built in 2003 and exempt from HOA oversight, allowing greater flexibility and value retention.
- Fully-Tiled Interiors – All carpet has been replaced with ceramic tile for enhanced durability and lower maintenance.
- Private & Street Parking Available – Convenient on-site parking enhances tenant satisfaction and marketability.
Executive Summary
Exceptional Class B Fourplex in North Las Vegas! Built in 2003, this well-maintained 3,869 SF property sits on a 0.15-acre lot and offers private and street parking, enhancing tenant convenience. The unit mix includes one 3-bed/2-bath, two 2-bed/2-bath, and one 2-bed/1-bath unit—each featuring in-unit washer/dryer and durable ceramic tile flooring throughout. With no HOA and long-term tenants in place, this fourplex provides both stability and operational flexibility. Recent capital improvements totaling over $27,000 include HVAC upgrades, bathroom remodels, new appliances, roof resealing, and balcony/stucco repairs. Located in a growing submarket with strong rental demand, this asset offers a projected pro forma CAP rate of 8.44% and is an ideal opportunity for investors seeking turnkey cash flow and long-term appreciation.
Data Room Click Here to Access
Property Facts
| Price | $655,000 | Apartment Style | Garden |
| Price Per Unit | $163,750 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.15 AC |
| Cap Rate | 5% | Building Size | 6,534 SF |
| No. Units | 4 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built | 2003 |
| Zoning | R-4 High Density - High Density Residential (R-4) | ||
| Price | $655,000 |
| Price Per Unit | $163,750 |
| Sale Type | Investment |
| Cap Rate | 5% |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 0.15 AC |
| Building Size | 6,534 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 2003 |
| Zoning | R-4 High Density - High Density Residential (R-4) |
Amenities
Unit Amenities
- Air Conditioning
- Washer/Dryer
- Family Room
- Large Bedrooms
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 3+2 | 1 | $900.00 | 1,062 |
| 2+2 | 2 | $862.50 | 960 |
| 2+1 | 1 | $850.00 | 871 |
1 1
Property Taxes
| Parcel Number | 139-11-806-002 | Improvements Assessment | $105,386 |
| Land Assessment | $45,500 | Total Assessment | $150,886 |
Property Taxes
Parcel Number
139-11-806-002
Land Assessment
$45,500
Improvements Assessment
$105,386
Total Assessment
$150,886
1 of 15
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
1 of 1
Presented by
2101 Sun Avenue | 2101 Sun Ave
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.
Your message has been sent!
Activate your LoopNet account now to track properties, get real-time alerts, save time on future inquiries, and more.