North Las Vegas 6 unit Apartment Building For Sale

Paul Macaluso - (702) 542-1993

License# s.0172271

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Multifamily Property For Sale

6 Unit Corner Lot Cash Cow

2839 Judson, North Las Vegas, NV 89030

Price: $249,900
No. Units: 6
Building Size: 3,500 SF
Price/Unit: $41,650
Property Type: Multifamily
Property Sub-type: Garden/Low-Rise
Property Use Type: Investment
Commission Split: 3%
Cap Rate: 9%
Occupancy: 90%
No. Stories: 1
Year Built: 1960
Lot Size: 12,197 SF
APN / Parcel ID: 139-24-210-237
Last Verified: 1/12/2015
Listing ID: 19035923

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Description

Located in North Las Vegas this 6 unit offers a turnkey opportunity for an investor to add a great income producing asset to their portfolio. The unit mix of this property is 2 two bedroom one bathroom units and 4 one bedroom one bathroom units producing $2200 per month with one vacancy. Great upside potential, below market rent could be a $2500+ income producing property. All units are electric and individually metered. Cash or financing considered owner will NOT CARRY.
North Las Vegas. Las Vegas Blvd & Lake Mead

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Paul Macaluso - (702) 542-1993

License# s.0172271

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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

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Downtown Las Vegas Investment Property 100% Occupied

Paul Macaluso - (702) 542-1993

License# s.0172271

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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

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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.

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Paul Macaluso - (702) 542-1993

License# s.0172271

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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

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Las Vegas Mortgage Interest Rate Update 7/26/2012

Data Provided by Freddie Mac's Primary Mortgage Market Survey®  Week ending on 07/26/2012 Interest Rate Fees & Points Margin  30 Year Fixed Rate 3.49 % 0.7 N/A  15 Year Fixed Rate 2.80 % 0.7 N/A  5/1 Adjustable Rate 2.74 % 0.6 2.74  1 Year Adjustable Rate 2.71 % 0.5 2.76  Past data from 07/19/2012 Interest Rate Fees & Points Margin  30 Year Fixed Rate 3.53 % 0.7 N/A  15 Year Fixed Rate 2.83 % 0.6 N/A  5/1 Adjustable Rate 2.69 % 0.6 2.74  1 Year Adjustable Rate 2.69 % 0.4 2.76

This is not intended as an advertisement of interest rates as defined by Regulation Z, Section 226.24. Data is provided by Freddie Mac's Primary Mortgage Market Survey (PMMS) and is provided for informational purposes only. The financial and other information contained herein speaks only as of the date posted above. Freddie Mac, and/or the sender of this information, is not responsible for business decisions made based on the reported results of the PMMS. In general, the data presented were calculated from information collected Monday through Wednesday of the same week that the PMMS is released and may not reflect mortgage rates, fees or points currently available.

Average 30-year fixed rate falls below 3.50%

"Market concerns over the strength of the economic recovery brought long-term Treasury yields to new lows this week allowing fixed mortgage rates to reach record levels.  The Conference Board Leading Economic Index showed the largest monthly decline in June since September 2011. Existing home sales fell to 4.36 million homes (annualized) in June and represented the slowest pace since October 2011. Similarly, new home sales fell in June to their lowest level since January of this year."

– Frank Nothaft, vice president and chief economist, Freddie Mac

Call Makea Turner with Atlantic and Pacific Real Estate and I will put you in contact with the best loan officer in the Valley (702) 542-1883

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