For Sale
$1,500,000

2304 Clifford AveLas Vegas, NV 89104

12-Unit Apartment Building, High Occupancy

Overview

Added:
Dec 11, 2024
Days on market:
119
This exceptional investment opportunity presents a 12-unit apartment building situated on a 0.28-acre lot in the desirable Las Vegas, NV, 89104 zip code. The property consists of two, two-story buildings totaling 8,832 square feet, constructed in 1962 and zoned for High Density Residential (R-4). Currently boasting 75% occupancy, the property offers a compelling return on investment. The twelve units comprise a mix of one-bedroom, one-bathroom units (approximately 571 square feet) and five two-bedroom, one-bathroom units (approximately 736 square feet each). Each building also includes a shared storage/laundry room (approximately 165 square feet). The property includes 12 parking spaces and is served by all major public utilities including NV Energy, Las Vegas Valley Water District, City of Las Vegas, Cox Communications/CenturyLink, Southwest Gas Corporation, and Republic Services. The asking price is $1,500,000, representing a price per unit of $125,000 and a price per square foot of $169.84. The property's APN is 162-01-211-002 and 162-01-211-003. This is a ground lease-free property offering significant potential for future growth and income generation in a thriving Las Vegas location. The property's strong rental history and convenient location make it an ideal addition to any investment portfolio.

Highlights

  • $1,500,000 asking price for a 12-unit apartment building.
  • Multifamily property with 8,832 square feet, priced at $169.84 per square foot.
  • 75% occupancy rate.
  • Twelve units in two buildings, each two stories high, built in 1962.
  • Located on a 0.28-acre lot in Las Vegas, NV, with 12 parking spaces.
  • High-density residential (R-4) zoning.

Property Details for 2304 Clifford Ave

Property type
Apartment buildings
Square Feet
8,832 SF
Year Built
1962
Buildings
2
Stories
2
Lot Size (sq. ft)
12,197 SF
Units
12

Location Insight

City
Las Vegas
County
Clark
State
Nevada
Latitude
36.15510731
Longitude
-115.11616404
2304 Clifford Ave, Las Vegas, Nevada

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2304 Clifford Ave
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