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Investment Highlights
- Assumable Financing: Attractive sub-5% interest-only financing available for more than six years.
- Downtown Connectivity: Sunrise Apartments benefits from direct access to Downtown Las Vegas, major employment centers, and key transportation corridor
- Stable Returns: Extensive renovations and a diversified resident profile support consistent operational performance.
- Growth Corridor: Positioned near the planned Desert Pines redevelopment and ongoing area revitalization efforts.
Executive Summary
The Holden Group of Marcus & Millichap, as the exclusive listing group, is pleased to present Sunrise Apartments, a 56-unit multifamily portfolio centrally located within the Downtown Las Vegas corridor. The six-property community offers a diverse mix of one-, two-, and three-bedroom floor plans designed to accommodate a broad resident base. Extensive renovations completed in 2025 introduced modernized interiors, updated finishes, and enhanced community amenities that create a more attractive and comfortable living environment.
The property benefits from strong regional connectivity with convenient access to Interstate 15, Fremont Street, retail centers, employment hubs, and major transportation corridors throughout the Las Vegas Valley. Residents are within close proximity to schools, parks, dining destinations, entertainment venues, and everyday neighborhood services, reinforcing the property’s central location and accessibility. Sunrise Apartments also stands to benefit from the nearby Desert Pines Redevelopment project, which is expected to introduce new housing, parks, commercial uses, and community improvements that further enhance the surrounding area.
Sunrise Apartments features upgraded unit interiors designed to appeal to today’s renters through contemporary finishes, functional layouts, and desirable in-unit amenities. Renovated kitchens, updated bathrooms, modern flooring, and on-site laundry contribute to a more convenient and elevated resident experience throughout the portfolio. Combined with its central location, proximity to ongoing redevelopment activity, and attractive assumable financing structure, the property is positioned for continued long-term demand and operational stability.
*Drive by only. Do not walk the property or disturb the residents. Please contact the Listing Agent for a copy of the Offering Memorandum.*
The property benefits from strong regional connectivity with convenient access to Interstate 15, Fremont Street, retail centers, employment hubs, and major transportation corridors throughout the Las Vegas Valley. Residents are within close proximity to schools, parks, dining destinations, entertainment venues, and everyday neighborhood services, reinforcing the property’s central location and accessibility. Sunrise Apartments also stands to benefit from the nearby Desert Pines Redevelopment project, which is expected to introduce new housing, parks, commercial uses, and community improvements that further enhance the surrounding area.
Sunrise Apartments features upgraded unit interiors designed to appeal to today’s renters through contemporary finishes, functional layouts, and desirable in-unit amenities. Renovated kitchens, updated bathrooms, modern flooring, and on-site laundry contribute to a more convenient and elevated resident experience throughout the portfolio. Combined with its central location, proximity to ongoing redevelopment activity, and attractive assumable financing structure, the property is positioned for continued long-term demand and operational stability.
*Drive by only. Do not walk the property or disturb the residents. Please contact the Listing Agent for a copy of the Offering Memorandum.*
Taxes & Operating Expenses (Actual - 2026) |
Annual |
|---|---|
| Gross Rental Income |
$731,412
|
| Other Income |
$90,914
|
| Vacancy Loss |
$47,541
|
| Effective Gross Income |
$774,785
|
| Taxes |
$21,651
|
| Operating Expenses |
$265,021
|
| Total Expenses |
$286,672
|
| Net Operating Income |
$488,113
|
Taxes & Operating Expenses (Actual - 2026)
| Gross Rental Income | |
|---|---|
| Annual | $731,412 |
| Other Income | |
|---|---|
| Annual | $90,914 |
| Vacancy Loss | |
|---|---|
| Annual | $47,541 |
| Effective Gross Income | |
|---|---|
| Annual | $774,785 |
| Taxes | |
|---|---|
| Annual | $21,651 |
| Operating Expenses | |
|---|---|
| Annual | $265,021 |
| Total Expenses | |
|---|---|
| Annual | $286,672 |
| Net Operating Income | |
|---|---|
| Annual | $488,113 |
Property Facts
| Price | $8,100,000 | Number of Properties | 6 |
| Price / SF | $192.65 / SF | Individually For Sale | 0 |
| Cap Rate | 6.03% | Total Building Size | 42,046 SF |
| Sale Type | Investment | Total Land Area | 1.18 AC |
| Status | Active |
| Price | $8,100,000 |
| Price / SF | $192.65 / SF |
| Cap Rate | 6.03% |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 6 |
| Individually For Sale | 0 |
| Total Building Size | 42,046 SF |
| Total Land Area | 1.18 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
|
Sunrise Apartments
2417 Sunrise Ave, Las Vegas, NV 89101 |
Multifamily | 7,792 SF | 1962 | - |
|
Sunrise Apartments
2201 Sunrise Ave, Las Vegas, NV 89101 |
Multifamily | 7,750 SF | 1957 | - |
|
Sunrise Apartments
2209 Sunrise Ave, Las Vegas, NV 89101 |
Multifamily | 7,750 SF | 1957 | - |
|
Sunrise Apartments
2205 Sunrise Ave, Las Vegas, NV 89101 |
Multifamily | 7,750 SF | 1957 | - |
|
Sunrise Apartments
2113 Sunrise Ave, Las Vegas, NV 89101 |
Multifamily | 7,440 SF | 1956 | - |
|
Sunrise Apartments
2413 Sunrise Ave, Las Vegas, NV 89101 |
Multifamily | 3,564 SF | 1961 | - |
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