3355 Arville St
Las Vegas, NV 89102
Namaste · Multifamily Property For Sale
·
112 Units
Property Facts
| No. Units | 112 | Building Size | 204,508 SF |
| Property Type | Multifamily | Average Occupancy | 95% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Garden | Year Built/Renovated | 1977/2016 |
| Building Class | C | Parking Ratio | 1.63/1,000 SF |
| Lot Size | 5.75 AC | ||
| Zoning | R-4 | ||
| No. Units | 112 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 5.75 AC |
| Building Size | 204,508 SF |
| Average Occupancy | 95% |
| No. Stories | 2 |
| Year Built/Renovated | 1977/2016 |
| Parking Ratio | 1.63/1,000 SF |
| Zoning | R-4 |
Amenities
Unit Amenities
- Air Conditioning
- Balcony
- Dishwasher
- Disposal
- Storage Space
- Heating
- Kitchen
- Oven
- Tub/Shower
Site Amenities
- Fitness Center
- Laundry Facilities
- Picnic Area
- Spa
- Online Services
About 3355 ARVILLE ST , LAS VEGAS, NV 89102
City View Apartments is a 112-unit property located in the West-Central submarket of Las Vegas and is poised to take advantage of the recent surge of nearby activity. Constructed in 1977, City View is a quaint community that offers proven renovation upside in both floor plans, ample common areas, a pool, and a lightly renovated clubhouse. Las Vegas was the number one metro for rent growth in 2018, recording 7%+ growth. Las Vegas also recorded rent growth of 6%+ in 2016 and 2017. With the strong rent growth in Las Vegas, City View has been able to prove out $130 per month lifts in rents through a light interior improvement plan, while remaining "under market". Renovations include countertops, appliances, baseboards, paint, and hardware. The West-Central submarket continues to be a proponent of higher rental rates as newer assets begin value-add campaigns & luxury projects continue to be developed in the immediate vicinity. Rent comps like the Sedona Ridge and Tower at Tropicana have rental rates $150-$200 per month higher than the renovated rates at City View. Sales in the submarket are exceptionally strong as well. Additionally, nearby Chinatown is experiencing a BOOM in the retail sector, as there proves to be huge demand to live, work, & eat in this corridor. Population growth in this pocket is projected at 9.41% through 2023.
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 24 | - | 675 |
| 2+1 | 88 | - | 725 - 730 |
Property Taxes
| Parcel Numbers | Improvements Assessment | $1,942,151 | |
| Land Assessment | $1,999,200 | Total Assessment | $3,941,351 |
Property Taxes
