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4455 E Twain Ave
Las Vegas, NV 89121
Tides on Twain · Multifamily Property For Sale
·
192 Units
PROPERTY FACTS
| No. Units | 192 | Building Size | 182,400 SF |
| Property Type | Multifamily | Average Occupancy | 87% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Garden | Year Built/Renovated | 1989/2001 |
| Building Class | B | Parking Ratio | 1.52/1,000 SF |
| Lot Size | 8.44 AC | ||
| Zoning | H-2, County | ||
| No. Units | 192 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | B |
| Lot Size | 8.44 AC |
| Building Size | 182,400 SF |
| Average Occupancy | 87% |
| No. Stories | 2 |
| Year Built/Renovated | 1989/2001 |
| Parking Ratio | 1.52/1,000 SF |
| Zoning | H-2, County |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Cable Ready
- Dishwasher
- Disposal
- Fireplace
- Washer/Dryer
- Heating
- Ceiling Fans
- Tile Floors
- Kitchen
- Refrigerator
- Range
- Tub/Shower
- Walk-In Closets
- Carpet
- Dining Room
- Vinyl Flooring
- Window Coverings
SITE AMENITIES
- Business Center
- Clubhouse
- Fitness Center
- Laundry Facilities
- Playground
- Property Manager on Site
- Sauna
- Spa
- Package Service
- Storage Space
- Lounge
- Maintenance on site
- Sundeck
ABOUT 4455 E TWAIN AVE , LAS VEGAS, NV 89121
The Sunrise Springs Apartments were built in 1989, consists of 192 units, and contains a desirable mix of one-bedroom, two-bedroom, and three-bedroom layouts, averaging 859 square feet. Each unit has a washer / dryer and common area amenities include indoor and outdoor pools, clubhouse, playground, and BBQ / picnic areas. This property is located in a pocket of Las Vegas that is Henderson adjacent and presents a unique opportunity to achieve higher yields through renovations & rent growth. The property has excellent exposure on major roadways, such as Boulder Highway, and is nearby major employment hubs such as Union Village and the Galleria Mall. The asset is across the street from Arizona Charlie’s, and within minutes of The Eastside Cannery, Sam’s Town, Boulder Station, and numerous other hotels & casinos. Additionally, the Sunrise Springs is conveniently located just 20 minutes from the world-famous Las Vegas Strip. Rent growth in this submarket is number two among the submarkets in the Las Vegas metropolitan area and is projected to remain above the 5% level for 2018, and at 4.6% in 2019. Through continued and more intensive interior renovations like new appliances, cabinet paint, and resurfaced countertops, rent growth of 10-15% is common. There is a clear path to grow rents beyond this, as RUBS may be increased, and other income can grow through packages such as cable/internet, offering an additional $50,000 to $75,000 in income potential.
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 64 | - | 667 |
| 2+2 | 88 | - | 900 |
| 3+2 | 40 | - | 1,076 |
PROPERTY TAXES
| Parcel Number | 161-17-301-001 | Improvements Assessment | $3,578,823 |
| Land Assessment | $1,209,600 | Total Assessment | $4,788,423 |
PROPERTY TAXES
