1420 Putnam AveNorth Las Vegas, NV 89030

Property Details for 1420 Putnam Ave

Year built

1954

Lot size

0.18 AC

Property size (Sq ft)

6,913 SF

Property type

Residential income properties

Property subtype

Multifamily properties

Description

This exceptional investment opportunity presents an eight-unit apartment building located at 1420 Putnam Ave, North Las Vegas, NV 89030. The property, built in 1954, boasts a total of 6,913 square feet across two stories and sits on a 0.18-acre lot. Currently operating at full occupancy, this Class C multifamily property offers a compelling 6.00% capitalization rate at an asking price of $1,500,000. All eight units have undergone recent renovations, including new central air conditioning, fresh paint, and new windows. The property benefits from excellent tenants with a consistent and timely payment history. The ample parking provides 1.16 spaces per 1,000 square feet. Zoned R-2, this property presents a strong cash flow potential and significant upside for a savvy investor. The pride of ownership is evident in the extensive improvements made over the past four years. This turnkey investment is ready for immediate income generation. The property's location in North Las Vegas, Clark County, Nevada, offers convenient access to local amenities and transportation.

Location Insight

City

North Las Vegas

County

Clark

State

Nevada

Latitude

36.2061

Longitude

-115.123

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