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8920 W Russell Rd
Las Vegas, NV 89148
South Beach by Logan · Multifamily Property For Sale
·
220 Units
PROPERTY FACTS
| No. Units | 220 | Building Size | 240,811 SF |
| Property Type | Multifamily | Average Occupancy | 82% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Garden | Year Built | 2016 |
| Building Class | B | Parking Ratio | 0.9/1,000 SF |
| Lot Size | 9.87 AC | ||
| Zoning | R-4 | ||
| No. Units | 220 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | B |
| Lot Size | 9.87 AC |
| Building Size | 240,811 SF |
| Average Occupancy | 82% |
| No. Stories | 2 |
| Year Built | 2016 |
| Parking Ratio | 0.9/1,000 SF |
| Zoning | R-4 |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Balcony
- Cable Ready
- Dishwasher
- Disposal
- Microwave
- Washer/Dryer
- Heating
- Ceiling Fans
- Kitchen
- High Speed Internet Access
- Ice Maker
- Refrigerator
- Oven
- Stainless Steel Appliances
- Range
- Tub/Shower
- Views
- Walk-In Closets
- Yard
- Breakfast Nook
- Freezer
- Island Kitchen
- Loft Layout
- Pantry
- Patio
- Vinyl Flooring
- Quartz Countertops
SITE AMENITIES
- 24 Hour Access
- Business Center
- Controlled Access
- Clubhouse
- Fitness Center
- Picnic Area
- Pool
- Sauna
- Spa
- Basketball Court
- Cabana
- Gameroom
- Grill
- Gas Range
- On-Site Retail
- Package Service
- Pet Play Area
- Planned Social Activities
- Smoke Free
- Volleyball Court
- Bicycle Storage
- Car Charging Station
- Multi Use Room
- Online Services
- Pet Washing Station
- Sundeck
- Zen Garden
- Walk-Up
ABOUT 8920 W RUSSELL RD , LAS VEGAS, NV 89148
OFFERS DUE: July 25, 2018 The “South Beach Resort” is THE premier multifamily asset in the Las Vegas valley, as it combines true resort living with an unequaled lifestyle and hospitality experience. Recently completed, the property is poised to take advantage of the fastest growing submarket in Las Vegas. Location and asset type makes this a unique offering, as the property is nestled between the Red Rock Canyon National Conservation area and the famous Las Vegas Strip, and benefits from proximity to Downtown Summerlin, and ease-of-access to major expressways & transportation. Currently, Las Vegas is the 29th largest MSA in the United States, and number two in rent growth among major metros. Rent growth figures have averaged above 6% through 2016 and 2017, and the Southwest market continues to have the highest rent growth figures in the greater MSA. Additionally, Las Vegas leads the country in job creation, with year-over-year job gains of 3.3%. In total, 43,800 jobs were created through 2016 & 2017, and unemployment has stayed stable at 4.9%. This job growth, paired with above-average population growth, continues to expand the local rental market. The result is a creation of the next generation of multifamily living that has never been witnessed in Las Vegas, or nationwide.
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 145 | - | 680 - 990 |
| 1+2 | 31 | - | 890 - 1,278 |
| 2+2 | 44 | - | 1,025 - 1,380 |
PROPERTY TAXES
| Parcel Number | 163-29-801-025 | Improvements Assessment | $11,711,109 |
| Land Assessment | $3,426,500 | Total Assessment | $15,137,609 |
PROPERTY TAXES
