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4300 N Lamont St
Las Vegas, NV 89115
Craigmont Villas · Multifamily Property For Sale
·
4 Units
Investment Highlights
- 100% occupied condo portfolio of 4 condos in Las Vegas that are all in the same area for ease of management
- All units have full appliance packages with washers and dryers, outdoor storage rooms, and ample parking
- All units have undergone exterior and interior renovations, and are well maintained
- Attractive financing is available for this portfolio with an interest rate as low as 5.5% with a minimum of 15% down
Executive Summary
Blake Leavitt at KW Commercial is proud to present the opportunity to acquire a 100% occupied condo portfolio of 4 condos in Las Vegas that are all in the same area for ease of management. The 4 condos are located at 4300 N Lamont St #249-#270-#291 that were built in 1984, and 4437 Dover Straight St #301 that was built in 2010. All 4 condos are located in the Northeast Las Vegas submarket, providing efficient access to Downtown Las Vegas, the Las Vegas Strip, Nellis Air Force Base, Apex Industrial Park, and the growing North Las Vegas industrial corridor, which continues to attract significant logistics and manufacturing investment. The surrounding area benefits from strong workforce housing demand driven by nearby industrial employment centers, national distribution facilities, and ongoing population growth throughout Southern Nevada, making this fourplex portfolio well-positioned to capitalize on continued renter demand in one of the region’s key workforce housing corridors. The 3 condos at 4300 N Lamont St consist of 3 large 2-bed/2-bath units that are 864 square feet, and the condo at 4437 Dover Straight St is a large 3-bed/2-bath unit that is 1,539 square feet. There are full appliance packages with washers and dryers in every unit, outdoor storage rooms, and ample parking. All units have undergone exterior and interior renovations, and are well maintained. The owner will sell the condos individually or as a portfolio.
***Attractive financing is available for this portfolio with an interest rate as low as 5.5% with a minimum of 15% down, 5 year fixed rate term, 30 year amortization, and no prepayment penalty.***
***Attractive financing is available for this portfolio with an interest rate as low as 5.5% with a minimum of 15% down, 5 year fixed rate term, 30 year amortization, and no prepayment penalty.***
Property Facts
| Price Per Unit | $206,250 | Apartment Style | Low-Rise |
| Sale Type | Investment | Building Class | B |
| Cap Rate | 4.89% | Lot Size | 0.61 AC |
| No. Units | 4 | Building Size | 4,131 SF |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built | 1984 |
| Zoning | C:R-4 - Multifamily | ||
| Price Per Unit | $206,250 |
| Sale Type | Investment |
| Cap Rate | 4.89% |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Lot Size | 0.61 AC |
| Building Size | 4,131 SF |
| No. Stories | 2 |
| Year Built | 1984 |
| Zoning | C:R-4 - Multifamily |
Amenities
Unit Amenities
- Kitchen
- Refrigerator
- Range
- Tub/Shower
- Views
- Patio
Site Amenities
- Courtyard
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 3+2 | 1 | - | 1,539 |
| 2+2 | 3 | - | 864 |
Property Taxes
| Parcel Numbers | Improvements Assessment | $138,228 | |
| Land Assessment | $126,000 | Total Assessment | $264,228 |
Property Taxes
Parcel Numbers
Land Assessment
$126,000
Improvements Assessment
$138,228
Total Assessment
$264,228
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