2625 South Van Patten Street

-Exceptional Multi-Family Opportunity - 2625 Van Patten Ave is a 10-unit apartment community (9 one-bedroom/one-bathroom units, 1 two-bedroom/one-bathroom unit) strategically positioned near Downtown Las Vegas and the vibrant Arts District. Located between Sahara Ave and the Las Vegas Country Club, this well-maintained complex offers investors a stable income stream with a 7.16% cap rate on current operations and priced at $1,480,000 ($148,000 per unit). The property presents significant value-add potential through strategic improvements and rent optimization, while its prime location ensures consistent tenant demand with proximity to the Arts District, Downtown Las Vegas, and the Strip. The property enjoys an exceptional location that combines convenience, lifestyle amenities, and strong investment fundamentals. Situated just minutes from Downtown Las Vegas, residents have easy access to the city's expanding employment centers, entertainment venues, and cultural attractions. The nearby Arts District offers a vibrant community atmosphere with trendy galleries, boutique shops, and popular dining establishments that continue to attract young professionals and creative workers to the area. With the Las Vegas Strip only a short drive away, tenants enjoy proximity to world-class entertainment, dining, and employment opportunities at major resort properties. The property's position between Sahara Avenue (a major east-west thoroughfare) and the prestigious Las Vegas Country Club provides excellent visibility and accessibility while offering a more residential setting than properties directly on commercial corridors. Recent infrastructure investments and ongoing redevelopment initiatives in Downtown Las Vegas have significantly enhanced the area's appeal, creating long-term value appreciation potential for strategically located properties like 2625 Van Patten Ave. The location benefits from multiple demand drivers including proximity to the University of Nevada Las Vegas (UNLV), the Las Vegas Medical District, and the developing Symphony Park area. This well-positioned apartment community presents an excellent opportunity for both established investors looking to expand their Las Vegas portfolio and new buyers entering the multi-family market. The property's strategic location near key Las Vegas attractions ensures strong tenant demand, while the current operational performance provides immediate cash flow with room for growth. With its solid fundamentals and prime location in one of the Southwest's most dynamic real estate markets, this 10-unit property represents a compelling investment opportunity with both immediate returns and long-term appreciation potential.he path of redevelopment being located in naked city