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2101 Sun Avenue 2101 Sun Ave 4 Unit Apartment Building $655,000 ($163,750/Unit) 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.
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PROPERTY FACTS
| Price | $655,000 | Apartment Style | Garden |
| Price Per Unit | $163,750 | Lot Size | 0.15 AC |
| Sale Type | Investment | 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 |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| 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
- 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 |
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PROPERTY TAXES
| Parcel Number | 139-11-806-002 | Improvements Assessment | $105,847 |
| Land Assessment | $43,750 | Total Assessment | $149,597 |
PROPERTY TAXES
Parcel Number
139-11-806-002
Land Assessment
$43,750
Improvements Assessment
$105,847
Total Assessment
$149,597
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2101 Sun Avenue | 2101 Sun Ave
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