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The Villas at South Pointe 3400 Dry Gulch Dr 39 Unit Apartment Building For Sale Laughlin, NV 89029
Executive Summary
Located at 3400 Dry Gulch Drive in Laughlin, Nevada, The Villas at South Pointe presents an attractive investment to acquire 39 three-story townhomes within a cohesive residential 55+ community approximately 90 minutes from Las Vegas. Each unit features a direct-access two-car garage and averages 1,520 square feet.Key highlights include strong current occupancy, immediate rent upside from below-market rates, with solid projected growth, attractive overall returns, and meaningful value-add potential requiring minimal capital investment.
Property Facts
| Sale Type | Investment | Lot Size | 2.49 AC |
| No. Units | 39 | Building Size | 59,289 SF |
| Property Type | Multifamily | Average Occupancy | 92% |
| Property Subtype | Apartment | No. Stories | 3 |
| Apartment Style | Townhome | Year Built | 1989 |
| Building Class | B | Parking Ratio | 1.86/1,000 SF |
| Sale Type | Investment |
| No. Units | 39 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Townhome |
| Building Class | B |
| Lot Size | 2.49 AC |
| Building Size | 59,289 SF |
| Average Occupancy | 92% |
| No. Stories | 3 |
| Year Built | 1989 |
| Parking Ratio | 1.86/1,000 SF |
Amenities
Unit Amenities
- Air Conditioning
- Dishwasher
- Microwave
- Washer/Dryer
- Heating
- Kitchen
- Refrigerator
- Range
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1.5 | 10 | - | 1,253 |
| 2+2.5 | 29 | - | 1,523 - 1,667 |
Property Taxes
| Parcel Number | 264-28-210-112 | Improvements Assessment | $40,381 |
| Land Assessment | $8,750 | Total Assessment | $49,131 |
Property Taxes
Parcel Number
264-28-210-112
Land Assessment
$8,750
Improvements Assessment
$40,381
Total Assessment
$49,131
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The Villas at South Pointe | 3400 Dry Gulch Dr
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