632 9Th St, Las Vegas, NV 89101
4 Unit Apartment Building | $545,000 ($136,250/Unit) | 6.74% Cap Rate | Las Vegas, NV 89101
For Sale
Active
- Date Added:
- May 17, 2024
- Days on Market:
- 28 days
Asking Price $545,000
- Property Type
-
Multifamily
- Square Feet
- 2,836 SF
Listing Contacts
Drew Holden
Verified Profile
Michael Avent
Verified Profile
- Property Info
Property Overview
The Holden Group of Marcus & Millichap, as the exclusive listing group, is pleased to present 632 North 9th Street, a partially renovated multifamily investment property featuring four partially renovated units near Downtown Las Vegas, NV. Situated on a 0.16-acre lot, the property includes both single-story and two-story buildings with 1-bedroom floor plans.
This property offers tenants easy access to Las Vegas’s most sought-after neighborhoods and a major economic hub with boutique retail stores, unique restaurants, and live entertainment options. It is conveniently located across from the Las Vegas Metropolitan Police Department’s Downtown Area Command. Nearby points of interest within walking distance include the Dula Community Center, Cashman Field Complex, Mothership Coffee, and the Fremont Street Experience.
Current ownership has recently invested significantly in upgrades, including the renovation of two of the four apartment units. The units feature modern upgrades such as vinyl plank flooring, white cabinets with white quartz countertops, and modern appliances. The recently renovated community patio area features drought resistant landscaping with ample space for entertainment for tenants and their guests.
With its strategic location and recent improvements, 632 North 9th Street is an attractive option for tenants seeking comfortable and convenient living near Downtown Las Vegas. Investors will find this property highly appealing for its prime location and value-add potential, offering a promising return on investment.
*Drive by only. Do not walk the property or disturb the residents. Please contact the Listing Agent for a copy of the Offering Memorandum.*
This property offers tenants easy access to Las Vegas’s most sought-after neighborhoods and a major economic hub with boutique retail stores, unique restaurants, and live entertainment options. It is conveniently located across from the Las Vegas Metropolitan Police Department’s Downtown Area Command. Nearby points of interest within walking distance include the Dula Community Center, Cashman Field Complex, Mothership Coffee, and the Fremont Street Experience.
Current ownership has recently invested significantly in upgrades, including the renovation of two of the four apartment units. The units feature modern upgrades such as vinyl plank flooring, white cabinets with white quartz countertops, and modern appliances. The recently renovated community patio area features drought resistant landscaping with ample space for entertainment for tenants and their guests.
With its strategic location and recent improvements, 632 North 9th Street is an attractive option for tenants seeking comfortable and convenient living near Downtown Las Vegas. Investors will find this property highly appealing for its prime location and value-add potential, offering a promising return on investment.
*Drive by only. Do not walk the property or disturb the residents. Please contact the Listing Agent for a copy of the Offering Memorandum.*
Property Details
- Class
- C
- Year Built/Renovated
- 1947/2024
- Stories
- 2
- Lot Size (sq. ft)
- 6,970 SF
- Units
- 4
Highlights
- 4 Multi-Family Units Across 2 Buildings with 1 Bedroom Floor Plans
- Partially Renovated Value-Add Opportunity
- Gated Community Courtyard with Drought Resistant Landscaping
- Within Walking Distance of the Heart of Downtown Las Vegas
- Located Within Minutes of US Route 95 & Interstate 15
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