6016 Gum Springs St, North Las Vegas, NV 89081
13 Specialty Properties | Online Auction Sale | Multiple Locations
For Sale
Active
- Date Added:
- September 16, 2024
- Days on Market:
- 17 days
- Property Type
-
Specialty
- Square Feet
- 21,527 SF
Listing Contacts
Devin Lee, CCIM
Robin Willett
John Artozqui
- Property Info
Property Overview
This 13-building rental portfolio offers a lucrative opportunity for investors, featuring a collection of fully occupied single-family residences in the premier rental market of Las Vegas, Nevada. These properties cater to a robust local demand that consistently outstrips broader rental market trends. With a strong existing cash flow and a net operating income (NOI) exceeding $270,000, a value-add investor has the perfect chance to upgrade aging properties and increase rents.
The portfolio spans the Central, North, and Summerlin Submarkets of Las Vegas, areas known for their low vacancy rates and high asking rents. Single-family homes dominate this market, making up 57% of all housing within a 10-mile radius. This sector benefits from significant demographic support with the region's population having increased by 11% since 2010, reaching over 1.4 million residents, and with nearly half of these individuals renting their homes.
Las Vegas, the heart of Clark County and the second-most populous city in the Southwestern US, stands as a cultural and economic beacon. Known as the Gaming Capital of the World, it is a pivotal center for the gaming and tourism sectors. The city's economic landscape is witnessing substantial growth with increased economic investments and job creation, driven by a resurgence in tourism and its appeal as a destination with a relatively low cost of living and no state income tax. This makes Las Vegas an attractive locale for businesses and affluent individuals moving away from more costly coastal regions.
Invest in this portfolio to capitalize on 13 fully occupied single-family homes in a fast-expanding Las Vegas rental market. This opportunity not only promises immediate returns but also offers considerable growth potential in a thriving economic environment.
Listed by Devin Lee, CCIM, NV License #NV BS.004754
The portfolio spans the Central, North, and Summerlin Submarkets of Las Vegas, areas known for their low vacancy rates and high asking rents. Single-family homes dominate this market, making up 57% of all housing within a 10-mile radius. This sector benefits from significant demographic support with the region's population having increased by 11% since 2010, reaching over 1.4 million residents, and with nearly half of these individuals renting their homes.
Las Vegas, the heart of Clark County and the second-most populous city in the Southwestern US, stands as a cultural and economic beacon. Known as the Gaming Capital of the World, it is a pivotal center for the gaming and tourism sectors. The city's economic landscape is witnessing substantial growth with increased economic investments and job creation, driven by a resurgence in tourism and its appeal as a destination with a relatively low cost of living and no state income tax. This makes Las Vegas an attractive locale for businesses and affluent individuals moving away from more costly coastal regions.
Invest in this portfolio to capitalize on 13 fully occupied single-family homes in a fast-expanding Las Vegas rental market. This opportunity not only promises immediate returns but also offers considerable growth potential in a thriving economic environment.
Listed by Devin Lee, CCIM, NV License #NV BS.004754
Highlights
- This collection of 13 single-family rentals provides a fully occupied investment portfolio within a rapidly growing commercial hub.
- Cash-flowing investment with a combined NOI of over $270,000 and additional upside to renovate aging properties and increase rents.
- Booming 10-mile population of more than 1,400,000 has increased by 11% since 2010, with over 48% of residents currently renting their homes.
- Single-family residences are the preferred asset class of the region, making up 57% of the total housing inventory.
All available spaces
- Space
- Size
- 2,344 SF
- Space Subtype
- Specialty
- Space
- Size
- 1,623 SF
- Space Subtype
- Specialty
- Space
- Size
- 1,960 SF
- Space Subtype
- Specialty
- Space
- Size
- 1,285 SF
- Space Subtype
- Specialty
- Space
- Size
- 1,779 SF
- Space Subtype
- Specialty
- Space
- Size
- 1,314 SF
- Space Subtype
- Specialty
- Space
- Size
- 1,577 SF
- Space Subtype
- Specialty
- Space
- Size
- 2,222 SF
- Space Subtype
- Specialty
- Space
- Size
- 1,300 SF
- Space Subtype
- Specialty
- Space
- Size
- 1,440 SF
- Space Subtype
- Specialty
- Space
- Size
- 1,548 SF
- Space Subtype
- Specialty
- Space
- Size
- 1,175 SF
- Space Subtype
- Specialty
- Space
- Size
- 1,960 SF
- Space Subtype
- Specialty
Nearby Properties
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