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2204 Sunrise Ave
Las Vegas, NV 89101
Multifamily Property For Sale
·
7 Units
INVESTMENT HIGHLIGHTS
- Minutes from the vibrant Fremont East Entertainment District, offering access to dining, entertainment, and cultural attractions.
- Convenient access to Las Vegas Boulevard and Interstate 15, facilitating easy travel across the Las Vegas metropolitan area.
- Opportunity Zone Benefits: Designated as an Opportunity Zone, potentially providing tax advantages for investors.
- Value-Add Potential: Opportunity for renovations or repositioning to capitalize on the area’s ongoing urban revitalization and growth.
EXECUTIVE SUMMARY
Northcap Multifamily is proud to present 2204 Sunrise Ave Apartments built in 1955 with recent updates and renovations. This property consists of seven total units comprised of two (2) one bedroom, one bath units (1B/1b); and five (5) two bedroom, one bath units (2B/1b). The property is located in a well-established area of Downtown East and presents an opportunity for investors seeking income producing assets in a high-demand rental market. The property is known for its steady rental demand driven by proximity to downtown employment centers and entertainment options. With Las Vegas’ ongoing urban revitalization, this property is well-positioned for potential value-add strategies, such as renovations or repositioning to capitalize on the area’s growth.
2204 Sunrise Ave, Las Vegas, NV 89101 is situated in the Downtown East neighborhood, a vibrant and evolving area within the heart of Las Vegas. This property benefits from its proximity to the Fremont East Entertainment District, a dynamic corridor known for its eclectic mix of restaurants, bars, and cultural attractions. The location offers convenient access to major thoroughfares, including Las Vegas Boulevard and Interstate 15, providing connectivity to the broader Las Vegas metropolitan area. The 89101 zip code is part of an Opportunity Zone, which may offer tax advantages for investors looking to develop or hold properties in this area. The surrounding neighborhood features a mix of residential, multifamily, and commercial properties, contributing to a diverse urban environment with growth potential. Nearby points of interest include the Fremont Street Experience, the Arts District, and downtown Las Vegas’ business and government hubs, all within a short distance.
2204 Sunrise Ave, Las Vegas, NV 89101 is situated in the Downtown East neighborhood, a vibrant and evolving area within the heart of Las Vegas. This property benefits from its proximity to the Fremont East Entertainment District, a dynamic corridor known for its eclectic mix of restaurants, bars, and cultural attractions. The location offers convenient access to major thoroughfares, including Las Vegas Boulevard and Interstate 15, providing connectivity to the broader Las Vegas metropolitan area. The 89101 zip code is part of an Opportunity Zone, which may offer tax advantages for investors looking to develop or hold properties in this area. The surrounding neighborhood features a mix of residential, multifamily, and commercial properties, contributing to a diverse urban environment with growth potential. Nearby points of interest include the Fremont Street Experience, the Arts District, and downtown Las Vegas’ business and government hubs, all within a short distance.
PROPERTY FACTS
| Price Per Unit | $135,000 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.20 AC |
| Cap Rate | 6.75% | Building Size | 4,040 SF |
| No. Units | 7 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 1 |
| Property Subtype | Apartment | Year Built/Renovated | 1961/2017 |
| Apartment Style | Low-Rise | Opportunity Zone |
Yes
|
| Zoning | R-4, Las Vegas | ||
| Price Per Unit | $135,000 |
| Sale Type | Investment |
| Cap Rate | 6.75% |
| No. Units | 7 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.20 AC |
| Building Size | 4,040 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built/Renovated | 1961/2017 |
| Opportunity Zone |
Yes |
| Zoning | R-4, Las Vegas |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Refrigerator
- Range
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 2 | $850.00 | 420 |
| 2+1 | 5 | $1,200 | 640 |
PROPERTY TAXES
| Parcel Number | 139-35-812-014 | Improvements Assessment | $37,245 |
| Land Assessment | $36,750 | Total Assessment | $73,995 |
PROPERTY TAXES
Parcel Number
139-35-812-014
Land Assessment
$36,750
Improvements Assessment
$37,245
Total Assessment
$73,995
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