For Sale
$790,000

4150 Solteros StLas Vegas, NV 89103

Four-unit apartment building, strong cash flow.

Overview

Added:
Dec 11, 2024
Days on market:
117
This exceptional value-add opportunity presents a four-unit apartment building located at 4150 Solteros St, Las Vegas, NV 89103. The property, built in 1981 and renovated in 2021, offers 3,420 square feet of net rentable space on an 8,276 square foot lot. Currently boasting 100% occupancy (as of July 3, 2023), the property generates a current NOI of $4,200, with a pro-forma NOI projected at $5,250. The asking price is $790,000, representing a price per square foot of $230.99 and a price per unit of $197,500. The property features eight parking spaces and is zoned R-4. Financial highlights include a current cap rate of 0.53% and a pro-forma cap rate of 0.66%. The land value is $20.30 per square foot. This two-story Class B building presents a compelling investment opportunity in a prime Las Vegas location, offering significant potential for increased profitability through further value-add strategies. The property's strong occupancy rate and recent renovations provide a solid foundation for future growth. The Clark County APN is 163-24-510-094. This offering is suitable for a 1031 exchange.

Highlights

  • Prime Las Vegas location at 4150 Solteros Street, Las Vegas, NV 89103.
  • Fourplex with contemporary architecture and design.
  • Expansive interiors and versatile layouts suitable for various businesses.
  • Exceptional investment opportunity in a coveted Las Vegas location.

Property Details for 4150 Solteros St

Property type
Apartment buildings
Square Feet
3,420 SF
Class
B
Year Built/Renovated
1981/2021
Buildings
1
Stories
2
Units
4

Location Insight

City
Las Vegas
County
Clark
State
Nevada
Latitude
36.1141009
Longitude
-115.2146439
4150 Solteros St, Las Vegas, Nevada

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4150 Solteros St
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