AVE 24 Apartments 2433-2437 Clifford Ave 44 Unit Apartment Building $5,499,999 ($125,000/Unit) 5.45% Cap Rate Las Vegas, NV 89104



INVESTMENT HIGHLIGHTS
- 70%+ renovated
- Upside to realize on rents
- Prime Downtown Location
- Historically High Occupancy
EXECUTIVE SUMMARY
Prime 44-Unit Multifamily Investment in the Heart of Downtown Las Vegas – Fully Occupied, Ready to Perform!
If you’re looking for the ultimate cash-flowing investment in one of the hottest real estate markets in the country, this is your moment. This 44-unit Class C multifamily gem in downtown Las Vegas is an opportunity you can’t afford to pass up.
100% Occupied with Strong, Consistent Income
Fully occupied —this property is a turnkey income machine from day one. With a historical occupancy rate of 97%+, it’s clear this property is in high demand. You can rest easy knowing this property delivers strong, reliable returns with no major vacancy concerns. And with rents steadily climbing in downtown Vegas, the upside potential here is exceptional.
Prime Location for Long-Term Growth
Located in the dynamic, high-demand heart of downtown Las Vegas, this property is positioned in one of the city’s most exciting areas. From world-class entertainment to top-tier dining and the cultural pulse of the arts district, this location is where renters want to be. As the city continues to evolve and expand, you’ll benefit from continued rent growth and future appreciation.
Attractive Unit Mix with Room for Upside
This property offers 42 jr one-bedroom units and 2 charming studios, all carefully maintained and consistently rented. With an in-place CAP rate of 5.5%, it’s already generating solid returns. But don’t stop there—with a few upgrades, you can easily push rents higher, increasing your cash flow and boosting the property's value.
Ideal for Both Passive Income & Growth-Oriented Investors
Whether you’re looking to build wealth passively or increase your investment’s profitability through strategic improvements, this property delivers both. With full occupancy and steady cash flow, it’s the perfect addition to a seasoned investor’s portfolio or a smart entry point for newcomers to the Las Vegas market.
The Time is Now—Seize This Opportunity
Properties like this don’t come around often. Whether you’re drawn to the prime location, the strong rental demand, or the upside potential, this multifamily investment is a rare find in one of the most sought-after markets in the country.
Contact Paul Macaluso today to schedule a tour, and take action before someone else does! Opportunities like this move quickly—don’t miss your chance to invest in this downtown Las Vegas standout.
This is more than just an investment. It’s your path to long-term financial success.
If you’re looking for the ultimate cash-flowing investment in one of the hottest real estate markets in the country, this is your moment. This 44-unit Class C multifamily gem in downtown Las Vegas is an opportunity you can’t afford to pass up.
100% Occupied with Strong, Consistent Income
Fully occupied —this property is a turnkey income machine from day one. With a historical occupancy rate of 97%+, it’s clear this property is in high demand. You can rest easy knowing this property delivers strong, reliable returns with no major vacancy concerns. And with rents steadily climbing in downtown Vegas, the upside potential here is exceptional.
Prime Location for Long-Term Growth
Located in the dynamic, high-demand heart of downtown Las Vegas, this property is positioned in one of the city’s most exciting areas. From world-class entertainment to top-tier dining and the cultural pulse of the arts district, this location is where renters want to be. As the city continues to evolve and expand, you’ll benefit from continued rent growth and future appreciation.
Attractive Unit Mix with Room for Upside
This property offers 42 jr one-bedroom units and 2 charming studios, all carefully maintained and consistently rented. With an in-place CAP rate of 5.5%, it’s already generating solid returns. But don’t stop there—with a few upgrades, you can easily push rents higher, increasing your cash flow and boosting the property's value.
Ideal for Both Passive Income & Growth-Oriented Investors
Whether you’re looking to build wealth passively or increase your investment’s profitability through strategic improvements, this property delivers both. With full occupancy and steady cash flow, it’s the perfect addition to a seasoned investor’s portfolio or a smart entry point for newcomers to the Las Vegas market.
The Time is Now—Seize This Opportunity
Properties like this don’t come around often. Whether you’re drawn to the prime location, the strong rental demand, or the upside potential, this multifamily investment is a rare find in one of the most sought-after markets in the country.
Contact Paul Macaluso today to schedule a tour, and take action before someone else does! Opportunities like this move quickly—don’t miss your chance to invest in this downtown Las Vegas standout.
This is more than just an investment. It’s your path to long-term financial success.
PROPERTY FACTS
Price | $5,499,999 |
Price Per Unit | $125,000 |
Sale Type | Investment |
Cap Rate | 5.45% |
Sale Condition | 1031 Exchange |
No. Units | 44 |
Property Type | Multifamily |
Property Subtype | Apartment |
Apartment Style | Low-Rise |
Building Class | C |
Lot Size | 0.64 AC |
Building Size | 46,832 SF |
Average Occupancy | 90% |
No. Stories | 2 |
Year Built/Renovated | 1977/2021 |
Parking Ratio | 1.43/1,000 SF |
Zoning | R-5, Las Vegas - Apartment residential district |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Microwave
- Heating
- Kitchen
- Oven
- Range
- Dining Room
SITE AMENITIES
- 24 Hour Access
- Controlled Access
- Laundry Facilities
- Property Manager on Site
- Tenant Controlled HVAC
UNIT MIX INFORMATION
DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
---|---|---|---|
Studios | 2 | - | 275 |
1+1 | 42 | - | 450 |
1 of 1
Bike Score®
Very Bikeable (75)
PROPERTY TAXES
Parcel Numbers | Improvements Assessment | $209,802 | |
Land Assessment | $134,750 | Total Assessment | $344,552 |