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92 Unit Extended Stay / Multifamily Investment

Las Vegas, Nevada

$7,750,000

525 E. St. Louis Avenue
Las Vegas, Nevada

CAP RATE: 7.98%

SF: 92 Units

TYPE: Multifamily

STATUS: Available

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Property Highlights

  • Strong Cap Rate – 7.98% on Trailing 12 Net Operating Income
  • Major Employment Centers – Renters are steps away from over 5,000 casino jobs including the Stratosphere (est. 2,100 employees), Lucky Dragon (est. 800 employees) and SLS (est. 2,100 employees) Casino’s
  • Accessibility – Twelve (12) bus stops are located within one block of the property along with a Monorail connection and Interstate I-15
  • Family Sized Units – 985 SF Units (2BD/2BA) which are 32% larger than the average 673 SF units in comparable surrounding properties

Contact an agent:

Cathy Jones
CEO Investment Services Group
Office: (702) 968-7320
Mobile: (702) 595-8765
CathyJ@suncommercialre.com

Roy Fritz
Senior Vice President Investment Services Group
Office: (702) 968-7322
Mobile: (702) 482-9675
RoyF@suncommercialre.com

Jessica Cegavske
Vice President Investment Services Group
Office: (702) 968-7321
Mobile: (702) 326-1590
JessicaC@suncommercialre.com

Jennifer Lehr
Senior Associate Investment Services Group
Office: (702) 968-7329
Mobile: (702) 782-9385
jenniferl@suncommercialre.com

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The Offering

The Investment Services Group is pleased to offer an exceptional opportunity to purchase a four-story multifamily property in the heart of Las Vegas just off the Las Vegas Strip. The property is located at the northeast corner of Paradise Road and E. St. Louis Avenue, having the civic address of 525 E. St. Louis Avenue, Las Vegas, Nevada 89104. The property offers flexible options for its tenants and is the perfect investment to take advantage of both new and existing amenities.