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TWAIN CHALETS 711 E Twain Ave 41 Unit Apartment Building $5,150,000 ($125,610/Unit) 7.41% Cap Rate Las Vegas, NV 89169
Investment Highlights
- Location , Location, -Close to the Strip , Sphere , Convention Center , Venetian Hotel, Wynn, China Town and Freeway I-15
- Luxury Townhome Two Bed/ Two Bath ,Two huge Balconies two & car garage is included in this sale
- Beautiful Sparkling Pool - Just Redone , Replaster
- All Units are cozy one Bedroom Loft style with 17 units have covered parking plus more parking
- Just Renovated 2025 - All Fresh Exterior New Paint
- New A/C 20 units and more
Executive Summary
Total 41 Units which 40 units are One Bedroom/ One Bath Loft Style PLUS 1 Town Home Two Bedroom / Two car garage . Major Renovation done in 2025 ; All fresh exterior new paint, New Pool Re-Plaster. New A/C in 20 units,
Financial Summary (Pro Forma - 2026) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$478,296
|
$18.46
|
| Other Income |
$6,000
|
$0.23
|
| Vacancy Loss |
$23,915
|
$0.92
|
| Effective Gross Income |
$460,381
|
$17.76
|
| Taxes |
$17,315
|
$0.67
|
| Operating Expenses |
$65,100
|
$2.51
|
| Total Expenses |
$82,415
|
$3.18
|
| Net Operating Income |
$377,966
|
$14.58
|
Financial Summary (Pro Forma - 2026)
| Gross Rental Income | |
|---|---|
| Annual | $478,296 |
| Annual Per SF | $18.46 |
| Other Income | |
|---|---|
| Annual | $6,000 |
| Annual Per SF | $0.23 |
| Vacancy Loss | |
|---|---|
| Annual | $23,915 |
| Annual Per SF | $0.92 |
| Effective Gross Income | |
|---|---|
| Annual | $460,381 |
| Annual Per SF | $17.76 |
| Taxes | |
|---|---|
| Annual | $17,315 |
| Annual Per SF | $0.67 |
| Operating Expenses | |
|---|---|
| Annual | $65,100 |
| Annual Per SF | $2.51 |
| Total Expenses | |
|---|---|
| Annual | $82,415 |
| Annual Per SF | $3.18 |
| Net Operating Income | |
|---|---|
| Annual | $377,966 |
| Annual Per SF | $14.58 |
Property Facts
| Price | $5,150,000 | Building Class | C |
| Price Per Unit | $125,610 | Lot Size | 0.82 AC |
| Sale Type | Investment | Building Size | 25,916 SF |
| Cap Rate | 7.41% | Average Occupancy | 95% |
| No. Units | 41 | No. Stories | 2 |
| Property Type | Multifamily | Year Built/Renovated | 1972/2025 |
| Property Subtype | Apartment | Parking Ratio | 0.85/1,000 SF |
| Apartment Style | Garden | Opportunity Zone |
Yes
|
| Zoning | R5 | ||
| Price | $5,150,000 |
| Price Per Unit | $125,610 |
| Sale Type | Investment |
| Cap Rate | 7.41% |
| No. Units | 41 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 0.82 AC |
| Building Size | 25,916 SF |
| Average Occupancy | 95% |
| No. Stories | 2 |
| Year Built/Renovated | 1972/2025 |
| Parking Ratio | 0.85/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | R5 |
Amenities
- Smoke Detector
Unit Amenities
- Air Conditioning
- Heating
- Kitchen
- Refrigerator
- Oven
- Range
- Carpet
Site Amenities
- 24 Hour Access
- Courtyard
- Fenced Lot
- Laundry Facilities
- Gated
- Maintenance on site
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 40 | $950.00 | 580 |
| 2+2 | 1 | $1,850 | 1,800 |
1 1
Very walkable
80/100
Very drivable
80/100
Some public transit
50/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 162-15-312-034 | Total Assessment | $540,364 |
| Land Assessment | $240,363 | Annual Taxes | $17,315 ($0.67/SF) |
| Improvements Assessment | $300,001 | Tax Year | 2026 |
Property Taxes
Parcel Number
162-15-312-034
Land Assessment
$240,363
Improvements Assessment
$300,001
Total Assessment
$540,364
Annual Taxes
$17,315 ($0.67/SF)
Tax Year
2026
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Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
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Street
Map
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TWAIN CHALETS | 711 E Twain Ave
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