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Prestwick Townhomes 700 Preston 4 Unit Apartment Building $1,150,000 ($287,500/Unit) 6.57% Cap Rate Mesquite, NV 89027



Executive Summary
New Construction 4 Plex is currently in Pre-sales. The first lots are available for $200k. Project is adjacent to a new develop master plan located in the North side of Mesquite Nevada.
Property Facts
| Price | $1,150,000 | Building Class | B |
| Price Per Unit | $287,500 | Lot Size | 18.92 AC |
| Sale Type | Investment | Construction Status | Proposed |
| Cap Rate | 6.57% | Building Size | 4,288 SF |
| Gross Rent Multiplier | 15.21 | No. Stories | 2 |
| No. Units | 4 | Year Built | 2027 |
| Property Type | Multifamily | Parking Ratio | 0.47/1,000 SF |
| Property Subtype | Apartment | Cross Streets | Preston Way and Hardy Way |
| Apartment Style | Townhome |
| Price | $1,150,000 |
| Price Per Unit | $287,500 |
| Sale Type | Investment |
| Cap Rate | 6.57% |
| Gross Rent Multiplier | 15.21 |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Townhome |
| Building Class | B |
| Lot Size | 18.92 AC |
| Construction Status | Proposed |
| Building Size | 4,288 SF |
| No. Stories | 2 |
| Year Built | 2027 |
| Parking Ratio | 0.47/1,000 SF |
| Cross Streets | Preston Way and Hardy Way |
Amenities
Unit Amenities
- Air Conditioning
- Dishwasher
- Microwave
- Washer/Dryer
- Vaulted Ceiling
- Sprinkler System
- Walk-In Closets
- Family Room
- Instant Hot Water
- Island Kitchen
Site Amenities
- Green Community
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+2.5 | 4 | $2,200 | 1,072 |
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Property Taxes
| Parcel Number | 001-08-111-018 | Improvements Assessment | $0 |
| Land Assessment | $117,954 | Total Assessment | $117,954 |
Property Taxes
Parcel Number
001-08-111-018
Land Assessment
$117,954
Improvements Assessment
$0
Total Assessment
$117,954
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Prestwick Townhomes | 700 Preston
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