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2204 Sunrise Ave
Las Vegas, NV 89101
2204 Sunrise Ave Apartments · Multifamily Property For Sale
·
7 Units
Investment Highlights
- Prime Location: Situated in DT East neighborhood, minutes from the vibrant Fremont East Entertainment District & Fremont Street Experience.
- Value-Add Potential: Opportunity for further renovations or repositioning to capitalize on the area's ongoing urban revitalization & growth.
- Opportunity Zone Benefits: Located in the 89101 Zip Code, designated as an Opportunity Zone, potentially tax advantages for investors.
- Convenient access to Las Vegas boulevard & I-15 freeway, facilitating easy travel across the Las Vegas metropolitan area.
Executive Summary
LOCATION DESCRIPTION
2204 Sunrise Ave, Las Vegas, NV 89101 is situated in the Downtown Las Vegas, a vibrant and evolving area within the heart of Las Vegas. This property benefits f rom 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.
SALE DESCRIPTION
Northcap Multifamily is the exclusive listing team and pleased to present 2204 Sunrise Ave Apartments built in 1955 with recent updates and renovations including modernized kitchens, modernized bathrooms, washers, air conditioners and more. 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 the well-established area of Downtown Las Vegas 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 several 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 Las Vegas, a vibrant and evolving area within the heart of Las Vegas. This property benefits f rom 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.
SALE DESCRIPTION
Northcap Multifamily is the exclusive listing team and pleased to present 2204 Sunrise Ave Apartments built in 1955 with recent updates and renovations including modernized kitchens, modernized bathrooms, washers, air conditioners and more. 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 the well-established area of Downtown Las Vegas 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 several 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.
Property Facts
| Price Per Unit | $135,000 | Lot Size | 0.20 AC |
| Sale Type | Investment | 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
|
| Building Class | C | ||
| Zoning | R-4, Las Vegas | ||
| Price Per Unit | $135,000 |
| Sale Type | Investment |
| 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 | $900.00 | 420 |
| 2+1 | 5 | $1,200 | 640 |
Property Taxes
| Parcel Number | 139-35-812-014 | Improvements Assessment | $37,891 |
| Land Assessment | $53,900 | Total Assessment | $91,791 |
Property Taxes
Parcel Number
139-35-812-014
Land Assessment
$53,900
Improvements Assessment
$37,891
Total Assessment
$91,791
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