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Sunrise Apartments 2213 Sunrise Ave 8 Unit Apartment Building $1,200,000 ($150,000/Unit) 7% Cap Rate Las Vegas, NV 89101
Executive Summary
This exceptional 8-plex has been extensively upgraded with major capital improvements throughout. Updates include a new sewer system, modernized kitchens and bathrooms, new windows, HVAC systems, main electrical panel, fresh interior/exterior paint, upgraded laundry room, and newly paved parking area.
The property features spacious units—among the largest bedrooms in Las Vegas, a gated layout, and security camera system throughout, including the coin operated laundry area.
Currently 100% occupied, delivering strong in-place income with one of the highest NOI profiles in its class, while still offering additional value-add potential for savvy investors.
Prime location just one block from Eastern & Charleston, two blocks from freeway access, and within walking distance to a supermarket. The area is experiencing rapid growth, with new residential developments, a casino project, Starbucks, and Raising Cane's nearby, positioning this asset in the path of continued appreciation.
Situated in a revitalizing historic downtown corridor, this is a rare opportunity to secure a stabilized asset with future upside.
The property features spacious units—among the largest bedrooms in Las Vegas, a gated layout, and security camera system throughout, including the coin operated laundry area.
Currently 100% occupied, delivering strong in-place income with one of the highest NOI profiles in its class, while still offering additional value-add potential for savvy investors.
Prime location just one block from Eastern & Charleston, two blocks from freeway access, and within walking distance to a supermarket. The area is experiencing rapid growth, with new residential developments, a casino project, Starbucks, and Raising Cane's nearby, positioning this asset in the path of continued appreciation.
Situated in a revitalizing historic downtown corridor, this is a rare opportunity to secure a stabilized asset with future upside.
Property Facts
| Price | $1,200,000 | Building Class | C |
| Price Per Unit | $150,000 | Lot Size | 0.42 AC |
| Sale Type | Investment | Building Size | 8,264 SF |
| Cap Rate | 7% | Average Occupancy | 100% |
| No. Units | 8 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1957 |
| Property Subtype | Apartment | Parking Ratio | 0.85/1,000 SF |
| Apartment Style | Low-Rise | Opportunity Zone |
Yes
|
| Zoning | R-4 - Residential | ||
| Price | $1,200,000 |
| Price Per Unit | $150,000 |
| Sale Type | Investment |
| Cap Rate | 7% |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.42 AC |
| Building Size | 8,264 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1957 |
| Parking Ratio | 0.85/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | R-4 - Residential |
Amenities
Unit Amenities
- Heating
- Kitchen
- Oven
- Range
Site Amenities
- Courtyard
- Laundry Facilities
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 4 | $1,250 | 800 |
| 3+2 | 4 | $1,500 | 875 |
1 1
Moderately walkable
70/100
Very drivable
80/100
Some public transit
40/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 139-35-812-009 | Improvements Assessment | $83,056 |
| Land Assessment | $56,000 | Total Assessment | $139,056 |
Property Taxes
Parcel Number
139-35-812-009
Land Assessment
$56,000
Improvements Assessment
$83,056
Total Assessment
$139,056
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Sunrise Apartments | 2213 Sunrise Ave
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