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TWAIN CHALETS 711 E Twain Ave 41 Unit Apartment Building $5,350,000 ($130,488/Unit) 6.75% Cap Rate Las Vegas, NV 89169
Investment Highlights
- Location , Location, Location -Close to the Strip , Sphere , Convention Center , Venetian
- Luxury Townhome Owner Suite Two Bed/ Two Bath & two car garage is included in this sale
- 20 units new A/C
- All Units are cozy one Bedroom Loft style with 17 units have parking attached
- Fresh New Sparkling Pool , just redone - Replaster
Executive Summary
40 units One Bedroom/ One Bath Loft Style PLUS Town Home Two Bedroom / Two car garage, Total of 41 units . All fresh exterior new paint, New Pool,
Most of units had been updated. One third of tenant unit has own parking attached . Peaceful and convenience location close to the Strip, The Sphere and Convention Center. Rent are low, have room for upside. Consider Cash buyer Only
Most of units had been updated. One third of tenant unit has own parking attached . Peaceful and convenience location close to the Strip, The Sphere and Convention Center. Rent are low, have room for upside. Consider Cash buyer Only
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 |
$74,367
|
$2.87
|
| Total Expenses |
$91,682
|
$3.54
|
| Net Operating Income |
$368,699
|
$14.23
|
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 | $74,367 |
| Annual Per SF | $2.87 |
| Total Expenses | |
|---|---|
| Annual | $91,682 |
| Annual Per SF | $3.54 |
| Net Operating Income | |
|---|---|
| Annual | $368,699 |
| Annual Per SF | $14.23 |
Property Facts
| Price | $5,350,000 | Building Class | C |
| Price Per Unit | $130,488 | Lot Size | 0.82 AC |
| Sale Type | Investment | Building Size | 25,916 SF |
| Cap Rate | 6.75% | Average Occupancy | 95% |
| No. Units | 41 | No. Stories | 2 |
| Property Type | Multifamily | Year Built/Renovated | 1972/2025 |
| Property Subtype | Apartment | Parking Ratio | 0.66/1,000 SF |
| Apartment Style | Garden | Opportunity Zone |
Yes
|
| Zoning | R5 | ||
| Price | $5,350,000 |
| Price Per Unit | $130,488 |
| Sale Type | Investment |
| Cap Rate | 6.75% |
| 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 | 0.66/1,000 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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TWAIN CHALETS | 711 E Twain Ave
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