For Sale
$850,000

409 14Th StLas Vegas, NV 89101

Six-unit apartment building, 100% occupied.

Overview

Added:
Dec 11, 2024
Days on market:
119
Investor alert! This stabilized, six-unit apartment building in Las Vegas, NV, presents a compelling opportunity. Priced at $850,000 ($141,667 per unit), this Class C multifamily property boasts 4,640 square feet of net rentable space across two one-story buildings, built in 1978. The property features a convenient on-site coin-operated laundry facility and ample parking. Recent improvements exceeding $50,000 include a new roof on one building, two new heat pumps, a fully renovated unit (with $16,000 in upgrades), and a 2023 parking lot resurfacing. Currently operating at 100% occupancy, this asset offers a slight value-add potential. Located in an Opportunity Zone, the property enjoys proximity to the vibrant Downtown Las Vegas/Fremont Experience and easy access to major freeways (US-95 and I-15). Note that buildings 409 and 413 must be sold together due to a shared water meter. Financial details are available upon request. The property's APN is 13935111038 & 13935111039. This is a 1031 exchange eligible property.

Highlights

  • Stabilized six-unit apartment building with value-add potential.
  • Walking distance to Downtown Las Vegas/Fremont Experience.
  • Ample parking.
  • Located in an Opportunity Zone.
  • On-site coin-operated laundry.
  • Easy access to US-95 and I-15 freeways.

Property Details for 409 14Th St

Property type
Apartment buildings
Square Feet
4,640 SF
Class
C
Year Built
1978
Buildings
2
Stories
1
Units
6

Location Insight

City
Las Vegas
County
Clark
State
Nevada
Latitude
36.1715671
Longitude
-115.1285163
409 14Th St, Las Vegas, Nevada

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409 14Th St
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