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3719 Royal Crest St 9 Unit Apartment Building $1,600,000 ($177,778/Unit) 5% Cap Rate Las Vegas, NV 89119
Investment Highlights
- Located near global trophy assets
- Close proximity to employment opportunities (Wynn, Venetian, UNLV, Airport, Sphere, etc)
- $1.5 Billion in active projects nearby (Vegas Loop Station, Maryland Parkway BRT)
Executive Summary
PRIME 1998 BUILT VALUE-ADD OPPORTUNITY - Unlock massive rental upside - below market rents leave room for you to add value. Located in close proximity of the $2.3 Billion Sphere, this property serves the backbone of the Las Vegas economy. In a market where rents are rising, affordable housing near major job centers is the most consistent asset class you can own. Recent upgrades include full exterior paint and new lighting. This fully occupied building is ready for you to take it to the next level. Most leases are month-to-month. Rent as traditional housing or potential to lease the whole building to social services provider on a triple net basis to unlock even more potential.
Financial Summary (Pro Forma - 2026) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Pro Forma - 2026) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $1,600,000 | Building Class | C |
| Price Per Unit | $177,778 | Lot Size | 0.35 AC |
| Sale Type | Investment | Building Size | 6,300 SF |
| Cap Rate | 5% | Average Occupancy | 100% |
| No. Units | 9 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1998 |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Apartment Style | Low-Rise | ||
| Zoning | H-1 | ||
| Price | $1,600,000 |
| Price Per Unit | $177,778 |
| Sale Type | Investment |
| Cap Rate | 5% |
| No. Units | 9 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.35 AC |
| Building Size | 6,300 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1998 |
| Opportunity Zone |
Yes |
| Zoning | H-1 |
Amenities
Unit Amenities
- Cable Ready
- Tile Floors
- Refrigerator
- Grill
Site Amenities
- Laundry Facilities
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 3 | $800.00 | - |
| 2+1 | 6 | $895.00 | - |
1 1
Very walkable
80/100
Moderately drivable
60/100
Some public transit
50/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 162-15-313-007 | Total Assessment | $217,152 |
| Land Assessment | $58,039 | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $159,113 | Tax Year | 2026 |
Property Taxes
Parcel Number
162-15-313-007
Land Assessment
$58,039
Improvements Assessment
$159,113
Total Assessment
$217,152
Annual Taxes
($1) ($0.00/SF)
Tax Year
2026
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3719 Royal Crest St
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