Palm Garden Apartments - Availability Details

For Sale$4,940,000

505 South 13th Street, Las Vegas, NV 89101

  • Unassigned

Nearby Listings

Details

  • Sale Price $4,940,000
  • City Las Vegas
  • Neighborhood Downtown Las Vegas
  • Zip Code 89101
  • Market Las Vegas
  • Property Type Unassigned
  • Property Size 55,850 Sqft
  • Lot Size 1 Acre
  • Property Tenancy Multi-Tenant
  • Building Class C
  • Year Built 1963
  • Date Updated 24 Sep, 2020
  • Website www.suncommercialre.com

Description

Very well maintained 52 unit apartment complex located in a quaint, established Downtown Las Vegas neighborhood surrounded by updated townhome complexes. The surrounding area offers plenty of employment opportunities, shopping and dining experiences. Compared to the apartment complexes in the area, these 52 units are very spacious and 34 of them uniquely in 2 stories similar to town homes. The inner courtyard is a little oasis featuring both a pool and barbecue grill and the property furthermore offers on-site laundry facilities, paid parking in the back and plenty of street parking in the front. The property is located within walking distance from public transportation and just a 5-7 minute drive from the Charleston/I-15 interchange, and the Charleston/I-515 interchange.

Highlights:

• Unique Multi-Family Investment Opportunity  

• VERY Spacious Updated Apartment Units; ±400 SF larger than the average unit sold in the area

• Easy access to area amenities and Demand Generators including Las Vegas “Strip”, Downtown Fremont Street Experience, and the Charleston/I-15 Freeway Interchange

• Very Well Maintained Property and Neighborhood

• Located in a Qualified Opportunity Zone

• Asking price PSF is significantly below average sold price PSF for the area

Click below link to request the OM:

https://www.suncommercialre.com/property/505-515-s-13th-street/

Commercial Brokers

broker

Cathy Jones

Sun Commercial Real Estate Inc.

CPA, SIOR, CCIM

(702) 968-7320

broker

Paul Miachika

Sun Commercial Real Estate Inc.

(602) 814-0661