2131 Daley StNorth Las Vegas, NV 89030

Property Details for 2131 Daley St

Year built

1972

Lot size

0.90 AC

Property size (Sq ft)

15,288 SF

Property type

Residential income properties

Property subtype

Multifamily properties

Description

This exceptional value-add opportunity presents an 18-unit apartment building in North Las Vegas, Nevada. The property, encompassing five parcels totaling 0.9 acres, features a desirable mix of two- and three-bedroom units across two-story buildings. Partially renovated interiors boast ceramic tile flooring and modern kitchen upgrades, enhancing tenant appeal. Community amenities include a gated courtyard, a swimming pool, and ample surface parking. Located at 2131 Daley St, 89030, the property benefits from its proximity to North Las Vegas City Hall and North Vista Hospital, and is within half a mile of the NLV Gateway, a significant $260 million redevelopment project. Convenient access to I-15 and I-11 freeways ensures easy commutes throughout Clark County. The property offers 15,288 square feet of net rentable space, with an asking price of $2,200,000 ($143.90/sq ft and $122,222.22 per unit). The current NOI is $123,782, yielding a 5.63% cap rate, while the pro-forma NOI is projected at $162,834, resulting in a 7.40% pro-forma cap rate. Built in 1972 and 1973, the property is zoned R-3 and has APNs 139-24-210-078

Location Insight

City

North Las Vegas

County

Clark

State

Nevada

Latitude

36.1984

Longitude

-115.114

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