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- LoopNet Team
427 S 11th St
Las Vegas, NV 89101
Multifamily Property For Sale
·
8 Units
INVESTMENT HIGHLIGHTS
- Presently Operating as an AirBNB
- Extensive Recent Renovations
- Garden Style 8 Unit Apartment Building
PROPERTY FACTS
| No. Units | 8 | Lot Size | 0.16 AC |
| Property Type | Multifamily | Building Size | 5,712 SF |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Garden | Year Built/Renovated | 1972/2016 |
| Building Class | C | Parking Ratio | 1.66/1,000 SF |
| Zoning | R-4 | ||
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 0.16 AC |
| Building Size | 5,712 SF |
| No. Stories | 2 |
| Year Built/Renovated | 1972/2016 |
| Parking Ratio | 1.66/1,000 SF |
| Zoning | R-4 |
AMENITIES
SITE AMENITIES
- Controlled Access
- Courtyard
- Fenced Lot
- Laundry Facilities
- Gated
- Storage Space
ABOUT 427 S 11TH ST , LAS VEGAS, NV 89101
Marcus & Millichap is pleased to present our new exclusively listed Eight-unit multi-family investment property. This is an add-value investment opportunity with minimal capital improvements required. Located in a dense rental market with lack of supply at the heart of the Famous Downtown Las Vegas neighborhood. The property consists of eight 1-bedroom/1-bathroom units, each averaging approx. averaging 600 sf. With units being currently vacant, a new owner can achieve market rents with the opportunity to continue operating as the only licensed Airbnb user in the immediate neighborhood. The Special Use Permit that allows for the Airbnb license to operate is transferable with the sale of the property.
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 8 | $1,050 | 600 |
PROPERTY TAXES
| Parcel Number | 139-34-811-033 | Improvements Assessment | $49,330 |
| Land Assessment | $46,200 | Total Assessment | $95,530 |
PROPERTY TAXES
