Downtown Las Vegas Investment Property 100% Occupied

Paul Macaluso - (702) 542-1993

License# s.0172271

---

Multifamily Property For Sale

(GREAT CASH FLOW)-100% occupied-Downtown Las Vegas

508 North 15th Street, Las Vegas, NV 89101

Price: $324,900
No. Units: 7
Building Size: 6,240 SF
Price/Unit: $46,414.29
Property Type: Multifamily
Property Sub-type: Garden/Low-Rise
Property Use Type: Investment
Commission Split: 2.5%
Cap Rate: 10%
Occupancy: 100%
No. Stories: 1
Year Built: 1954
Lot Size: 13,068 SF
APN / Parcel ID: 139-35-111-102
Last Verified: 1/12/2015
Listing ID: 18650922

---

Description

JUST RDUCED-100% Occupied-7 Unit gated garden style complex. 6 one bed one bath units and 1 two bed one bath unit. 100% occupied with tenants all on 1 year leases. Monthly income of $3425. Recent upgrades include newer appliances, HVAC servicing, interior two tone paint, marble counter tops updated plumbing and resurfacing of bathtubs.

Owner is motivated but not desperate. Will consider all reasonable offers and will ignore all low ball offers presented. Owner will carry with 50% down on a 12 month term at 8.5% interest only payment.
This property is located in Downtown Las Vegas. Major freeways, bus line, shopping, schools and other community amenities are all within reach of this property.

---

Paul Macaluso - (702) 542-1993

License# s.0172271

---

The information above has been obtained from sources believed reliable. While we do not doubt its accuracy we have not verified it and make no guarantee, warranty or representation about it. It is your responsibility to independently confirm its accuracy and completeness.
CJ6DL9M

Read More

Old School Vegas is Back! VIDEO-Downtown Las Vegas gets in touch with Vegas roots

Downtown Las Vegas has been getting a facelift for some time now. With High Rise Condo and Luxury loft towers popping up in addition to landmark hotels remodeling downtown Las Vegas is now the new “it” spot in Sin City. With the old feel of Vegas disappearing on the Strip with each new mega resort addition what is a true Las Vegas vacationer to do?

The answer to this dilemma is simple, go back to where it all began. Freemont Street and Downtown Landmark destinations that set the stage for what Vegas has become are now being favored over the new trendy modern mega resorts of the Strip. Downtown Las Vegas is growing by leaps and bounds in the mist of a recession by adding green technology; fine dinning, 1 of a kind recreation and plenty more all within footsteps from one another.

With the revitalization of Downtown Las Vegas in full swing there lays an unspoken opportunity. Real Estate investing can come in all shapes and sizes here in Vegas and Downtown is no different. From Luxury Condos to commercial retail space Downtown Las Vegas has many opportunities for savvy investors to take advantage of however it is crucial for anyone seeking to invest in Real Estate in any part of Las Vegas obtain knowledgeable trustworthy representation to ensure the highest returns possible.

If you would like more information about buying in the Las Vegas Real Estate market please feel free to contact me direct at 702-542-1883 or leave a comment below today’s post. Be sure to subscribe to this blog before you leave and don’t forget to share this post with your friends on facebook and twitter.

Read More