Log In/Sign Up
Your email has been sent.
2201 James Bilbray 2201 James Bilbray Dr 4 Unit Apartment Building $830,000 ($207,500/Unit) 5.74% Cap Rate Las Vegas, NV 89108
Investment Highlights
- Turnkey Asset – Built in 1998 and well-maintained, minimizing upfront capital expenditure.
- Attractive Returns – Proforma cap rate of 5.74%, offering both solid yield and potential upside.
- Community Amenities – Residents benefit from access to a pool with water features, enhancing retention and rental demand.
- Premier Location – Situated in Northwest Las Vegas near Summerlin, one of the valley’s most desirable and high-growth submarkets.
- Strong Unit Mix – Four spacious 2-bed/2-bath units, each 960 sq. ft., with in-unit washer/dryer for tenant convenience.
- Low Management Burden – HOA covers water, trash, and sewer, simplifying operations and reducing owner responsibility.
Executive Summary
2201 James Bilbray is a Class A fourplex investment in northwest Las Vegas near Summerlin. Built in 1998, it offers four 2-bed/2-bath units (960 SF each) with in-unit laundry, living rooms, and dining areas. The property is fully occupied, with tenant-paid power/gas and HOA-covered water, trash, and sewer. The community features palm-lined streets, stucco homes, and a community pool with water features. Ideally located minutes from Whole Foods, Boca Park, and Mountain View Hospital, it combines tenant convenience with strong rental demand. With a 5.74% proforma cap rate, this turnkey asset provides stability and upside in one of Las Vegas’s most sought-after submarkets.
Data Room Click Here to Access
Property Facts
| Price | $830,000 | Apartment Style | Garden |
| Price Per Unit | $207,500 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.05 AC |
| Cap Rate | 5.74% | Building Size | 3,976 SF |
| No. Units | 4 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built | 1998 |
| Zoning | R-PD15 - Residential Planned Development - 15 Unit Per Acre (R-PD15) | ||
| Price | $830,000 |
| Price Per Unit | $207,500 |
| Sale Type | Investment |
| Cap Rate | 5.74% |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 0.05 AC |
| Building Size | 3,976 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1998 |
| Zoning | R-PD15 - Residential Planned Development - 15 Unit Per Acre (R-PD15) |
Amenities
Unit Amenities
- Air Conditioning
- Storage Space
- Washer/Dryer
- Family Room
- Patio
Site Amenities
- Pool
- Spa
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+2 | 4 | $1,148 | 960 |
1 1
Property Taxes
| Parcel Number | 138-23-124-071 | Improvements Assessment | $112,760 |
| Land Assessment | $63,000 | Total Assessment | $175,760 |
Property Taxes
Parcel Number
138-23-124-071
Land Assessment
$63,000
Improvements Assessment
$112,760
Total Assessment
$175,760
1 of 19
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
1 of 1
Presented by
2201 James Bilbray | 2201 James Bilbray Dr
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.