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George's Apartments 2412 Olive St 10 Unit Apartment Building $1,298,000 ($129,800/Unit) Las Vegas, NV 89104
Executive Summary
2412 Olive Street – George’s Apartments: is a 2 story, 10-unit multifamily
property located in the Huntridge submarket of Las Vegas, Nevada. Built in
1983, the two-story asset sits on approximately 0.21 acres and consists entirely
of one-bedroom, one-bath units averaging 532 square feet. The property offers
surface parking (10 spaces, ~1.0 per unit) and features a simple, efficient layout
with wood-frame construction.
With below-market rents and no vacancy, the property offers investors the
potential to increase income through operational improvements, rent growth,
and interior upgrades. Its manageable size and straightforward unit mix make
it an ideal asset for both experienced and entry-level multifamily investors
seeking stable cash flow with upside potential.
property located in the Huntridge submarket of Las Vegas, Nevada. Built in
1983, the two-story asset sits on approximately 0.21 acres and consists entirely
of one-bedroom, one-bath units averaging 532 square feet. The property offers
surface parking (10 spaces, ~1.0 per unit) and features a simple, efficient layout
with wood-frame construction.
With below-market rents and no vacancy, the property offers investors the
potential to increase income through operational improvements, rent growth,
and interior upgrades. Its manageable size and straightforward unit mix make
it an ideal asset for both experienced and entry-level multifamily investors
seeking stable cash flow with upside potential.
Property Facts
| Price | $1,298,000 | Building Class | C |
| Price Per Unit | $129,800 | Lot Size | 0.21 AC |
| Sale Type | Investment | Building Size | 5,320 SF |
| No. Units | 10 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built | 1983 |
| Apartment Style | Low-Rise | Parking Ratio | 1.3/1,000 SF |
| Zoning | R5, Las Vegas | ||
| Price | $1,298,000 |
| Price Per Unit | $129,800 |
| Sale Type | Investment |
| No. Units | 10 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.21 AC |
| Building Size | 5,320 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1983 |
| Parking Ratio | 1.3/1,000 SF |
| Zoning | R5, Las Vegas |
Amenities
Unit Amenities
- Refrigerator
- Range
- Tub/Shower
- Carpet
Site Amenities
- Fenced Lot
- Picnic Area
- Storage Space
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 10 | - | 532 - 750 |
1 1
Moderately walkable
70/100
Very drivable
80/100
Some public transit
40/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Number | 162-01-111-031 | Improvements Assessment | $88,566 |
| Land Assessment | $63,000 | Total Assessment | $151,566 |
Property Taxes
Parcel Number
162-01-111-031
Land Assessment
$63,000
Improvements Assessment
$88,566
Total Assessment
$151,566
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George's Apartments | 2412 Olive St
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