3 Condominium Portfolio 3 Flex Condos Offered at $566,000 in Las Vegas, NV

INVESTMENT HIGHLIGHTS

  • Strategically located in desirable areas of Las Vegas
  • Resort-style living with an array of amenities including pools, spas, fitness rooms, tennis courts, and clubhouse facilities
  • Easy access to Las Vegas Strip, Allegiant Stadium, Wynn, Convention Center, and MSG Sphere
  • Surrounded by schools, shopping centers, restaurants

EXECUTIVE SUMMARY

Introducing a portfolio sale featuring three high-performing condominiums in Las Vegas: 5361 Indian River Dr #344, 5260 River Glen Dr #264, and 725 N Royal Crest Cir #251. These properties represent an excellent investment opportunity with strong rental potential and the ability to maximize income by adjusting to market rates. Ideal for investors seeking stable cash flow and potential appreciation in a thriving rental market, 5361 Indian River Dr #344 and 5260 River Glen Dr #264 are nestled within the coveted Southwest Valley in Spring Valley. Offering an array of amenities such as a tennis court, fitness room, pool, and spa, residents enjoy a resort-style living experience. Conveniently located near schools, shopping centers, restaurants, and the renowned Las Vegas Strip, these condos provide easy access to city amenities and entertainment. With close proximity to major highways like I-215 and South Las Vegas Blvd, as well as Allegiant Stadium just a 10-minute drive away, commuting and exploring the city is effortless. Additionally, 725 N Royal Crest Cir #251 boasts a prime location near the Wynn, Convention Center, MSG Sphere, High Roller, shopping, and grocery stores, with Allegiant Stadium only a 6-mile drive away. Residents can indulge in amenities such as a heated pool, spa, clubhouse, gym, tennis courts, putting green, horseshoes, and sprawling park-like grounds with walking trails spanning over 7 acres. With a projected income yielding an 8% CAP rate, these condominiums present a lucrative investment opportunity for discerning investors.

TAXES & OPERATING EXPENSES (PRO FORMA - 2024) Click Here to Access

ANNUAL
Gross Rental Income $99,999
Other Income $99,999
Vacancy Loss $99,999
Effective Gross Income $99,999
Taxes $99,999
Operating Expenses $99,999
Total Expenses $99,999
Net Operating Income $99,999

PROPERTY FACTS

Price $566,000
Price / SF $221.70 / SF
Cap Rate 5.70%
Sale Type Investment
Status Active
Number of Properties 3
Individually For Sale 0
Total Building Size 2,553 SF

PROPERTIES

PROPERTY NAME / ADDRESS PROPERTY TYPE SIZE YEAR BUILT INDIVIDUAL PRICE
Casablanca
725-750 S Royal Crest Cir, 2nd Floor - Unit 251, Las Vegas, NV 89169
Flex Condo 1,153 SF - -
Bella Vita
5080 River Glen Dr, Las Vegas, NV 89103
Flex Condo 700 SF 1982 -
5260 River Glen Dr, Las Vegas, NV 89103 Flex Condo 700 SF 1982 -
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  • Listing ID: 31006045

  • Date on Market: 2/20/2024

  • Last Updated:

  • Address: 3 Condominium Portfolio, Las Vegas, NV