100 unit Multifamily For Sale

$17,000,000....100 Unit Apartment Building for Sale in Las Vegas

Overview of Terravita Apartments

I am excited to present Terravita Apartments, a remarkable 100-unit multifamily complex located in Las Vegas, NV 89111. Priced at $170,000 per unit, this property boasts a 6.50% cap rate, making it an attractive investment opportunity.

Property Details

Terravita Apartments features a diverse mix of units. There are 16 one-bedroom, one-bathroom apartments and 84 two-bedroom, two-bathroom apartments. This variety caters to different tenant needs and preferences.

Location Benefits

The property is situated in the Sunrise Manor sector of Las Vegas. This area is known for its affordability and accessibility. It has Nellis Frontage and is conveniently close to shopping centers and schools. Such a prime location enhances the appeal of the apartments to potential tenants.

Building Specifications

The complex consists of six two-story buildings spread over 3.61 acres. The gated entrances provide added security and privacy for residents.

Investment Potential

One of the standout features of Terravita Apartments is its potential for multiple exit strategies. Each of the 100 units has its own parcel number. This means the complex can easily be converted into a condominium project or managed as an apartment complex.

Unit Sizes and Features

The units vary in size, providing options for different lifestyles. The one-bedroom, one-bath units range from 555 sq ft to 770 sq ft. The two-bedroom, two-bath units range from 906 sq ft to 1,005 sq ft, with 73 of the two-bedroom units being oversized at 1,005 sq ft.

Each unit is equipped with modern amenities. Residents enjoy features such as:

• Washer and dryer

• Dishwasher

• Walk-in closets

• Balcony area

• Ceiling fans

  
  

Amenities for Residents

The complex also offers a variety of amenities that enhance the living experience. Residents can relax by the swimming pool or enjoy a barbecue in the designated area. These features foster a sense of community among tenants.

Conclusion

Terravita Apartments is a prime investment opportunity in Las Vegas. With its strategic location, diverse unit mix, and potential for multiple exit strategies, it stands out in the market. Whether you are looking to expand your portfolio or invest in a promising property, this complex offers the potential for smart, profitable decisions.

For more information about this investment opportunity, please visit HelliwellCRE.